Jameson Inns, Inc. Reports ADR, Occupancy and REVPAR for November 2003
Jameson Inns, Inc. (Nasdaq: JAMS) owner of Jameson Inn and Signature Inn hotels, today announced that revenue per available room (REVPAR) was $26.65 in November, a 1.3% decrease from November 2002. Average daily rate decreased $0.80 for the month while occupancy was flat.
Smith Travel Research recently reported that preliminary November figures for the economy segment, where all Jameson hotels are categorized, show REVPAR ranging from flat to an increase of 2% from November 2002. STR has also estimated an increase of 2% to 4% in REVPAR in the total U.S. lodging industry for the month.
Jameson Inns, Inc. develops and owns the Jameson Inn and Signature Inn limited service hotel properties.
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