U.S. RevPAR is forecast to decline 12.1 percent in 2009. The RevPAR (Revenue Per Available Room) drop in 2009 is the result of 7.4 percent ADR (Average Daily Rate) decline and a 5.1 percent decrease in occupancy.
U.S. RevPAR growth is projected to resume in 2010, averaging 0.6 percent growth for the year.
In 2011, U.S. RevPAR is projected to grow 4.7 percent, the highest growth rate since 2007.
By 2013, U.S. RevPAR is forecast to exceed the previous peak achieved in 2007 ($65.5).
In 2013, U.S. ADR is expected to be 5.2 percent higher than the previous peak of 2008 ($106.6). |