Strong occupancy in January and February led to record occupancy for the quarter, although March experienced the weakest RevPAR growth since 2003
Occupancy in January 2008 reached 74.4 percent, one percentage point above last year and the highest since 1995 for the same period. Occupancy increased by 1.1 percent for the quarter, with January and February seeing modest growth and March remaining flat from 2007, at 86.1 percent. ADR growth of 8.6 percent augmented this occupancy increase to yield a 9.8 percent growth in RevPAR over 2007 for the first quarter.
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