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Hotel Industry News |
Saturday October 11th, 2008 |
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Jameson Inns, Inc. Reports ADR, Occupancy and REVPAR for April 2004 |
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Revenue per available room (REVPAR) was $31.55 in April, a 2.5% increase from April 2003. Average daily rate increased $1.75 for the month while occupancy was down .2 percentage points. |
Average Daily
Occupancy Rate RevPAR
Brand 2004 2003 2004 2003 2004 2003 Change
Jameson Inns 59.4% 57.1% $59.88 $59.33 $35.57 $33.85 5.1%
Signature Inns 37.5% 43.4% $62.74 $57.51 $23.50 $24.93 (5.7%)
Combined Brands 52.1% 52.3% $60.56 $58.81 $31.55 $30.77 2.5%
Smith Travel Research recently reported that preliminary April 2004 figures for the economy segment, where the Jameson Inns are categorized, show RevPAR ranging from an increase of 5% to 7% from April 2003. STR has also estimated an increase of 9% to 11% in RevPAR in the total U.S. lodging industry for the month, due mainly to significantly favorable comparisons of hotels categorized in the upper upscale and luxury hotel segments.
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