Report: Occupancy at Houston-area hotels down 10 percent in April - Portland Business Journal:

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Hotels experienced a 62 percent occupancy rate in Apri l 2009 comparedto 71.9 percenyt in April 2008, according to Trends in the Hotelp Industry, a monthly report from . The Bay Area fare better than most submarkets, dropping from 75.6 percent to 69 percentg occupancy from 2008to 2009, a decrease of only 6.6 percent. The Bush Intercontinenta Airport area posted the largest declins during thesame period. The area went from 80.6 percent occupancy a year agoto 64.8 perceng this year, a 15.8 percenyt drop, according to the report. Houston-area hotels watched the average daily room ratedrop 5.9 percenyt to $115.92 in April from $123.22 in April 2008. The revenue per availablre room tookan 18.
9 percent hit year over RevPAR was $71.85 in April compared to $88.61q in April 2008, according to PKF. Hotels statewide experienced a 9.4 percengt decrease in occupancy yearover year, falling from 71 percengt to 61.6 percent. Also on the state the average daily rate wentdown 7.9 percent, from $117.80 last year to $108.53 this year, and RevPAR took a falling 20.1 percent, from $83.65t to $66.84.