U.S. regional performance recap of 2008
Fresh off of a fourth quarter that many would like to forget, there are a few high points as we look back at 2008 performance by geographic regions. As the economic slowdown began to chip away at consumer confidence and businesses began to place restrictions on travel, the revenue per available room gains made early in 2008 began to fade in the second half of the year. In October 2008, RevPAR went negative in year-to-date performance and finished up with a 1.9-percent decline at year’s end. Performance, however, varied across geographic regions of the United States.