Hotel Industry remains sluggish

Topic: 2002 hotel data suggests that the international hotel industry is in recovery, whilst the US industry remains sluggish.


This research was conducted by Deloitte and smith travel research group. The parameters used to measure hotel performance in this report are Occupancy, Average room rate, and revenue per available room. All three of these parameters can be variables. The report suggested a positive variance over 2001 in Europe, Middle East, and Asia. Where as in the United States all the three parameters showed a negative variance over 2001.

I have also included a table which elaborates the data

Performance of Global Hotel Industry 2002
Occupancy Average Room Rate RevPAR
2002 2001 % Change 2002 2001 % Change 2002 2001 % Change
% % US$ US$ US$ US$
USA 59 60 -1.0% 83 84 -1.5% 49 50 -2.5%
Europe 65 66 ...