Hotel rates down steeply in US and Canada
Monday 05 October 2009
The average daily hotel rate is down nearly 10 percent across the US and Canada, according to data released October 2 by industry research firm Smith Travel Research (STR).
The week ending September 26 saw the average daily hotel rate in the US finish at $100.30, which is 10.1 percent less than at the same time last year.
All of the top 25 markets reported decreases, with Norfolk-Virginia Beach posting the smallest drop, down 2.2 percent to $86.04. Nashville, Tennessee, was the only other region that fell less than 5 percent, with a 4.9 percent fall to $95.11.
Two markets, San Francisco and Houston, Texas, reported decreases in excess of 20 percent, to $158.58 and $92.59 respectively.
The Canadian industry reported a similar rate decline -- 6.9 percent nationwide -- dropping their average daily rate to CA$129.69 ($120.70), according to STR.
STR references more than 38,000 hotel clients for its worldwide rate benchmarking services.
The Independent travel offers: Discover a world of inspiring destinations
World's most lethal spider found under a bunch of bananas
Rumours that the star wants to move on to pastures new
Comedian says he 'never laughed as hard as I have writing with Rik'
- 2 Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
- 3 Star Wars memorabilia called a 'bit of plastic' by Antiques Roadshow's Fiona Bruce valued at £50,000
- 4 Meet Thea, Norway's 12-year-old child bride
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Sorry Judy Finnigan – Ched Evans is no less sickening than an alleyway rapist
Residents should throw a street party and mix with immigrant neighbours, councils told
Workers 'could be forced to pay £5 a week' to get benefits
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
£30 - 50k (DOE) + Benefits: Guru Careers: We are seeking a SCRUM Master to joi...
£13,520: Recruitment Genius: As this role can be customer facing at times, the...
£50000 - £60000 per annum: Sauce Recruitment: A successful entertainment, even...
£25000 - £30000 per annum + benefits: Ashdown Group: A fantastic opportunity h...