Tuesday, January 26, 2010

STR releases updated forecasts for 2010, 2011

HENDERSONVILLE, Tennessee—The U.S. hotel industry is projected to end 2010 with decreases in two of the three key performance measurements, according to STR’s monthly forecast update.

STR projects 2010 occupancy to be flat at 55.1 percent, ADR to decrease 3.2 percent to US$94.39, and revenue per available room to drop 3.2 percent to US$51.99.

Supply growth and demand growth during 2010 are both expected to increase 1.8 percent.

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