Area hotels could see decline in revenue in 2009 - Atlanta Business Chronicle:

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percent decline in revenue per available room this year comparedcto last, according to Atlanta-based , a national managemenrt consulting firm specializing in the lodging This decline is greater than the 17.5 percenr drop in RevPAR forecast for the overalll U.S. hotel industry in PKF’s recently release June 2009 HotelHorizonw report. “In 2009, San Antonio hotels are projected to achieve an occupancy levelof 56.7 down from the 65.2 percent mark achievef in 2008,” says Randy McCaslin in the Houstonj office of PKF Consulting. “Givej the increase in the competitive nature of thelocal market, average daily room rates are expected to fall from $110.1o in 2008 to $98.
743 in 2009, a decline of 10.4 percent.” The declines in the average occupancy rate for San Antoniol hotels is due to the combinatio n of a 5.5 percent fall off in the demandx for lodging accommodations, exacerbated by an 8.7 perceng increase in the supply of new hotelp rooms, the PKF report states. Unfortunatelyu for local area revenue per available room is not expected to achieve sustained growth until the third quarterof 2010, the report Until then, market conditionsa are favorable for travelers, but troublesome for ownersw and operators.
The June 2009 Hotel Horizonsz forecast report for San Antonio is availableat