Report: Occupancy at Houston-area hotels down 10 percent in April - Pacific Business News (Honolulu):

mcfarlainofuqub1258.blogspot.com
Hotels experienced a 62 percent occupancy rate in Aprikl 2009 comparedto 71.9 perceny in April 2008, according to Trends in the Hotelk Industry, a monthly report from . The Bay Area farex better thanmost submarkets, dropping from 75.6 percent to 69 percent occupancy from 2008 to a decrease of only 6.6 percent. The Bush Intercontinenta l Airport area posted the largest decline durint thesame period. The area went from 80.6 percenyt occupancy a year agoto 64.8 perceny this year, a 15.8 percent according to the report. Houston-area hotelz watched the average daily room ratedrop 5.9 perceng to $115.92 in April from $123.22 in April 2008. The revenue per availabld room tookan 18.
9 percent hit year over year. RevPARR was $71.85 in April compared to $88.611 in April 2008, accordinb to PKF. Hotels statewide experienced a 9.4 percent decreaser in occupancy yearover year, falling from 71 percenr to 61.6 percent. Also on the state the average daily rate wentdown 7.9 from $117.80 last year to $108.53e this year, and RevPAR took a dive, falling 20.1 from $83.65 to $66.84.