For over 20 years, the Color Harmony series has provided widely acclaimed comprehensive expert color advice and insight into how color works, what can be achieved with the right color choices, and ...
The U.S. hotel industry posted a 0.8 percent decline in revenue per available room (RevPAR) during August, according to Smith Travel Research (STR). Declining occupancy and increasing average daily rates worked to depress RevPAR performance. "Industry demand remained soft during the month," says Brad Garner, STR's vice president of client research. Year-to-date figures show occupancy fell 2.6 percent to 63.2 percent, while ADR reached $107.41, a 3.8 percent increase. However, at $67.89, RevPAR is up 1 percent for the first seven months of 2008.
Did you enjoy this article? Click here to subscribe to the magazine.
