Hotel Industry Hits Lows in First Half

The hotel industry may have hit bottom in the first half of 2009, as the three major metrics—occupancy, revenue per available room, and average daily rate—suffered steep declines for the first six months of the year.

“The first half of 2009 was, without question, one of the most challenging the U.S. lodging industry has experienced,” said Bobby Bowers, senior vice president of operations at Smith Travel Research, Hendersonville, Ky., in a news release. Compared to the first six months

Register to view the full article

Register for and gain access to premium content including the CMI 25 Listing, our monthly digital edition, the MeetingsNet app, live and on-demand webinars, and much more.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.