The U.S. hotel industry posted declines in three key performance measurements during the week of March 1-7, 2009, according to data from Smith Travel Research.
In year-over-year measurements, the industry’s occupancy dropped 14.9 percent to end the week at 52.8 percent. Average daily rate dropped 9.6 percent to finish the week at $98.76. Revenue per available room for the week decreased 23 percent to finish at $52.18.
