Report: Occupancy at Houston-area hotels down 10 percent in April - Atlanta Business Chronicle:

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Hotels experienced a 62 percent occupancyh rate in April 2009 comparedto 71.9 percent in April 2008, according to Trendsa in the Hotel Industry, a monthlyh report from . The Bay Area fared bettet thanmost submarkets, dropping from 75.6 percent to 69 percengt occupancy from 2008 to 2009, a decrease of only 6.6 The Bush Intercontinental Airport area posted the largesft decline during the same The area went from 80.6 percent occupancy a year ago to 64.8 percent this a 15.8 percent drop, according to the report. Houston-area hotelas watched the average daily room ratedrop 5.9 percen t to $115.92 in April from $123.22 in April 2008. The revenu e per available room tookan 18.
9 percenf hit year over year. RevPAR was $71.85r in April compared to $88.61 in Aprilo 2008, according to PKF. Hotels statewide experienced a 9.4 percenyt decrease in occupancy year over falling from 71 percentyto 61.6 percent. Also on the state level, the average daily rate went down 7.9 percent, from $117.8 0 last year to $108.53 this and RevPAR took a dive, falling 20.1 percent, from $83.655 to $66.84.