STR reports U.S. hotel performance for the week ending 22 November 2008

HENDERSONVILLE, Tennessee | The U.S. hotel industry posted large year-over-year increases in all three key performance measurements during the week of 16-22 November 2008, according to data from STR.

The year-over-year increases are in large part because of the date of Thanksgiving, which fell on 22 November 2007. This year, the holiday falls on 27 November.

During the week ending 22 November 2008, year-over-year measurements included a 29.9-percent increase in revenue per available room. RevPAR ended the week at US$56.29 (US$43.35 in 2007). Average daily rate jumped 10.5 percent to finish the week at US$103.55 (S$93.68 in 2007). Nationwide occupancy climbed 17.5 percent to end the period at 54.4 percent (46.3 percent in 2007).

About STR & STR Global: For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit .

The U.S. hotel industry posted large year-over-year increases in all three key performance measurements during the week of 16-22 November 2008, according to data from STR. The year-over-year increases are in large part because of the date of Thanksgiving, which fell on 22 November 2007. This year, the holiday falls on 27 November. During the week ending 22 November 2008, year-over-year measurements included a 29.9-percent increase in revenue per available room. RevPAR ended the week at US$56.29 (US$43.35 in 2007). Average daily rate jumped 10.5 percent to finish the week at US$103.55 (S$93.68 in 2007). Nationwide occupancy climbed 17.5 percent to end the period at 54.4 percent (46.3 percent in 2007).