NEW YORK— Smith Travel Research reported that for the week of March 9 industry RevPAR was negative 6.4%, marking the sixth week that RevPAR declines were under 10%, according to Goldman Sachs. That data indicates that lodging trends are rebounding, said the firm. Another highlight is the fact that RevPAR growth for the upper upscale segment was negative 9.3%, marking the first week since September 11 that comparable RevPAR declines were under 10%. Mid-week data, meanwhile, was also positive, “signaling a potentially strong recovery in business travel.”
