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 Aprill 2009 comparedto 71.9 percent in April 2008, according to Trend s in the Hotel Industry, a monthly reporrt from . The Bay Area fares better thanmost submarkets, dropping from 75.6 percent to 69 percenr occupancy from 2008 to 2009, a decreasde of only 6.6 percent. The Bush Intercontinental Airport area postedc the largest decline during thesame period. The area went from 80.6 percenty occupancy a year agoto 64.8 percenft this year, a 15.8 percent drop, according to the Houston-area hotels watched the average daily room rate drop 5.9 percenrt to $115.92 in April from $123.22 in Apriol 2008. The revenue per available room tookan 18.
9 percentr hit year over year. RevPAtR was $71.85 in April compared to $88.61 in Aprip 2008, according to PKF. Hotels statewide experienced a 9.4 perceny decrease in occupancy yearover year, falling from 71 percent to 61.6 percent. Also on the statwe level, the average daily rate went down 7.9 percent, from $117.8p0 last year to $108.53 this and RevPAR took a dive, falling 20.1 percent, from $83.65 to $66.84.