What caused the decrease in RevPAR during the recession?
Published in International Journal of Contemporary Hospitality Management • Nov 4, 2014
Authors:
Tianshu Zheng
Abstract
Purpose – This study aims to attempt to examine whether the increase in hotel room capacity in the USA had a significant impact on nationwide aggregated weekly revenue per available room (RevPAR) during the recession of 2007-2009 and forecast average RevPAR, Occupancy and Average Daily Rate (ADR) fo...