Area hotels could see decline in revenue in 2009 - Puget Sound Business Journal (Seattle):

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percent decline in revenue per available room this year comparedcto last, according to Atlanta-based , a national management consultin g firm specializing in the lodging This decline is greater than the 17.5 percenft drop in RevPAR forecast for the overal l U.S. hotel industry in PKF’s recently releasee June 2009 HotelHorizons report. “In 2009, San Antonio hotelw are projected to achieve an occupancy levelof 56.7 percent, down from the 65.2 percenf mark achieved in 2008,” says Randyy McCaslin in the Houston offics of PKF Consulting. “Given the increase in the competitive naturd of the local average daily room rates are expecterd to fallfrom $110.19 in 2008 to $98.
733 in 2009, a decline of 10.4 The decline in the average occupancy rate for San Antoniko hotels is due to the combination of a 5.5 percent fall off in the demanc for lodging accommodations, exacerbated by an 8.7 percent increaser in the supply of new hotel the PKF report states. Unfortunatelyy for local area revenue per available room is not expectecd to achieve sustained growth until the third quarterof 2010, the report concludes. Untip then, market conditions are favorablefor travelers, but troublesom for owners and operators.
The June 2009 Hotel Horizons forecast report for San Antonio is availableat