U.S. lodging industry occupancy and revenue per available room dropped by double-digit percentage levels in January compared with the previous year
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Occupancy for the month fell to 45.9 percent, down 10.7 percent from the 51.5 percent occupancy levels seen in January 2008, the data indicated. RevPAR dropped 15.3 percent to $46.24, and the average daily rate was down 5.2 percent to $100.66.
Among those top markets, New York saw the biggest drop in average daily rate, down 13. 1 percent. New York’s RevPAR also was down by 27.1 percent, topped only by Detroit, which dropped by 28.6 percent, in terms of the steepest fall in RevPAR. Washington, D.C., was alone among the top cities in bucking the downward trend in rate, occupancy and RevPAR, boosted largely by presidential inauguration activity.
source\ BTNonline