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Hotels around the globe experienced double-digit declines in room revenue last month -- and the once booming United Arab Emirates, Indian and Russian markets posted the biggest drops.
According to the February 2009 numbers from STR Global, India saw its revenue per available room drop 35.3% from a year earlier. RevPAR fell 26.7% in Russia and 24.5% in the UAE.
Occupancy was down across the globe, and most markets also saw rates continue to fall.
Exceptions included Mexico, which posted a 21% increase in average daily rates, and Israel, which saw rates increase 25%, even while occupancy was down 10% and 26%, respectively.
Regionally, the Americas and Asia/Pacific posted declines in all three measures in February while Europe and the Middle East/Africa had mixed results.
In the Americas, occupancy dropped 10% to 53.7%; ADR fell 9.1% to $102; and RevPAR dropped 18.2% to $54.80.
Asia/Pacific saw occupancy fall 12.1% to 59%; ADR decline 21% to $114; and RevPAR fell 30.5% to $67.70.
European occupancy was down 10.1% to 55.3%, but figures for ADR and RevPAR ranged from double-digit losses to single-digit gains, depending on currency used.
In the Middle East/Africa, occupancy dropped 11.5% to 63.4%; ADR increased 0.4% to $163.49; and RevPAR decreased 11.2% to $103.
This article has been updated with links to chart information.
