Attendees Of STR’s Inaugural Hotel Data Conference Predict RevPAR Recovery In Mid 2010 And Beyond
The survey compiled responses from 88 of the more than 200 conference attendees at the Renaissance Nashville Hotel.
Thirty-three percent of the respondents believe RevPAR will not start to recover until 2011 or beyond, 23.9 percent believe it will start to recover during third-quarter 2010, and 21.6 percent believe it will start to recover during fourth-quarter 2010.
According to respondents, 25.0 percent believe occupancy will start to recover in the second quarter of 2010. More than one in 10 believe occupancy may take a bit more time to recover and expect an upswing during third-quarter 2010. Other respondents were a bit more optimistic: 20.5 percent believe occupancy will start to recover in first-quarter 2010.
When asked when average daily rate will start to recover, 34.1 percent of respondents believe ADR recovery won’t start until 2011 or beyond, 30.7 percent believe it will start to recover in fourth-quarter 2010, and 15.9 percent believe it will start during third-quarter 2010.
Looking back at the January 2008 rates, 50.6 percent of the respondents believe it will take three to five years to reach those rates again, followed by 24.1 percent who believe it will take six to eight years.
For more information about the conference, please visit .
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For more than 20 years, Smith Travel Research has been the recognized leader for hotel industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 37,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit or .
Jeff Higley (STR)
VP, Digital Media & Communications
Phone: +1 (615) 824-8664 ext. 3318