Hotel Metrics Down, Others Finally Catching On The second quarter of 2009 proved to be even more challenging than the first for hotel companies in the United States. And as it becomes increasingly clear that a recovery in the industry isn’t likely to happen any time in the near term, others on Wall Street have begun to change their outlooks. After declining 19.0% in the first quarter of the year, weekly average revenue per available room, or RevPAR, declined 20.1% in the second quarter. Looking at the composition of these numbers, however, we see that the damage to the businesses was even greater than the 110 basis point change. Average weekly occupancy declined 11.6% in the second quarter, compared to a decline of 12.5% year-over-year in the first quarter. However, hoteliers began cutting room rates more substantially during the just-ended quarter, with Q2 average daily rate, ...