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Gaming Industry News |
Wednesday December 3rd, 2008 |
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Preliminary U.S. hotel performance for September 2008 |
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Smith Travel Research (STR) - the global leader in lodging industry performance tracking and benchmarking - announced preliminary September 2008 figures for the U.S. lodging industry and STR chain scale segments today. |
STR projects the industry's overall year-over-year occupancy rate for September to be down between 5 percent to 7 percent from September 2007. It projects revenue per available room to be down between 2 percent to 4 percent. In the individual chain scales, STR projects:
* The luxury segment's year-over-year occupancy to fall between 4 percent and 6 percent, and its RevPAR to drop between 3 percent and 5 percent.
* The upper upscale segment's occupancy to drop between 3 percent and 5 percent, and its RevPAR to decline between 1 percent and 3 percent.
* The upscale segment's occupancy to fall between 2 percent and 4 percent, and its RevPAR to come in between flat (0) and down 2 percent.
* The midscale with food-and-beverage segment's occupancy to drop between 6 percent and 8 percent, and its RevPAR to be off between 4 percent and 6 percent.
* The midscale-without-F&B segment's occupancy to decline between 5 percent and 7 percent, and its RevPAR to drop between 1 percent and 3 percent.
* The economy segment's occupancy to drop between 5 percent and 7 percent, and its RevPAR to fall between 4 percent and 6 percent.
About STR & STR Global
For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com.
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Contact Information:
Smith Travel Research
735 East Main St
Hendersonville, TN 37075
U.S.A.
Telephone: +1 (615) 824-8664
Fax: +1 (615) 824-3848
Click for Website
Click for Email
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Founded in 1985 as an independent research firm, Smith Travel Research is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. STR operates on the key principals of integrity, confidentiality and customer service.
STR provides information and analysis to all major U.S. hotel chains. |
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