Hotel Industry on Pace for Steep Declines in 2009

The hotel industry will end the year with near double-digit percentage declines in the major metrics used to measure performance, according to projections from Smith Travel Research, Hendersonville, Tenn. But while the slide is expected to continue in 2010, the projected declines won’t be as steep.

The 2009 year-end projections state that occupancy will be down 8 percent to 55 percent nationwide; average daily rate will end the year down 10 percent at $96.43; and revenue per available

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