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U.S. Hotels Post Declining Numbers

(August 2008) posted on Thu Aug 14, 2008 EDT


The U.S. hotel industry posted declines in the occupancy and revPAR last week, according to Smith Travel Research. In year-over-year measurements, the industry's occupancy fell 4 percent to end the week at 71.2 percent. Average daily rate increased 2.3 percent to finish the week at $107.55. RevPAR for the week decreased 1.8 percent to finish at $76.59. "The initial August industry numbers show continued softness," says Bobby Bowers, Smith Travel's senior vice president of operations.


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