U.S occupancy and RevPAR down in September

from today's Hotels enews (10/22):

U.S. Occupancy, RevPAR Drops In September
-- Hotels, 10/22/2008 7:25:00 AM

"HENDERSONVILLE, Tenn.—The U.S. hotel industry posted year-over-year declines in occupancy and revenue per available room during September, but experienced a gain in average daily rate, according to data from STR.

In year-over-year measurements, the industry’s ADR rose 3.0 percent in September to $107.31 (from $104.14 during September 2007). Occupancy in September fell 5.9 percent from September 2007 to 60.6 percent from 64.5 percent. RevPAR for the month declined 3.1 percent to $65.08 from $67.13.

For the third quarter, overall U.S. hotel numbers (compared with third quarter of 2007) included a 3.7-percent drop in occupancy to 65.8 percent from 68.4 percent, a 2.7-percent rise in ADR to $106.93 from $104.08, and a 1.1-percent decline in RevPAR to $70.40 from $71.19. Top 25 markets with the largest third-quarter RevPAR gains over the third quarter of 2007 were New Orleans (+20.2 percent), Denver (+12.3 percent), Houston (+11.8 percent), New York (+8.4 percent), San Francisco (+7.8 percent) and Dallas (+6.4 percent)." ...

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