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| The Arizona Daily Star,
TucsonMcClatchy-Tribune Regional News
March 30, 2009 - Arizona hotel room rates and occupancy continued to decline as 2009 began and as the recession deepened, a new report shows. Statewide, room rates dropped 11.8 percent and occupancy fell 13.45 percent in January compared with January 2008, according to a report by Los Angeles-based PKF Consulting. Though Tucson fared somewhat better than the state overall, the four local areas surveyed showed an average 10.3 percent drop in rates and a 12.4 percent drop in occupancy rates in the same January-to-January period. The research firm forecasts that by the end of 2009, U.S. occupancy rates will have fallen 9.1 percent from 2007 to just 57.2 percent -- the lowest level since Smith Travel Research, which supplies historical data for PKF's forecast, began tracking national lodging statistics in 1988. Hotel trends Data for January 2009, with change from January 2008 Area Avg. room rate Change Occupancy Change Phoenix-Downtown $146.90 -11.0% 63.9% -14.1% Phoenix-East Valley $96.96 -13.5% 55.3% -18.0% Scottsdale $207.90 -14.2% 60.8% -11.6% Tucson-airport $68.87 -13.6% 57.8% -10.8% Tucson-Downtown $94.34 -9.5% 53.9% -14.2% Tucson-East $87.15 -8.1% 64.4% -7.0% Tucson-resorts $168.66 -9.9% 53.9% -17.9% Flagstaff $73.35 -6.1% 46.8% -11.6% Sedona $151.97 +4.0% 36.9% -10.7% Statewide average* $134.31 -11.8% 58.60% -13.5% *Includes some individual areas not shown ----- To see more of The Arizona Daily Star, or to subscribe to the newspaper, go to http://www.azstarnet.com. Copyright (c) 2009, The Arizona Daily Star, Tucson Distributed by McClatchy-Tribune Information Services. For reprints, email [email protected], call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA. |
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