U.S. Hotel Performance Data - February 2008

Smith Travel Research

Operating Performance - February
	Occupancy Percent			Average Room Rate			RevPAR			Revenue	Supply	Demand
Segment	2008	2007	% Chg	2008	2007	% Chg	2008	2007	% Chg	% Chg	% Chg	% Chg
San Francisco/San Mateo, CA	69.5	67.8	2.5	157.77	142.47	10.7	109.66	96.65	13.5	15.6	1.9	4.4
Chicago, IL	54.2	56.8	-4.6	111.19	109.05	2.0	60.24	61.97	-2.8	-1.8	1.0	-3.7
Los Angeles-Long Beach, CA	74.5	77.1	-3.4	131.83	124.26	6.1	98.26	95.80	2.6	3.3	0.7	-2.6
Atlanta, GA	62.1	64.0	-3.0	92.39	87.55	5.5	57.39	56.03	2.4	2.8	0.3	-2.6
Boston, MA	56.5	54.5	3.7	138.64	129.28	7.2	78.31	70.49	11.1	13.2	1.9	5.6
New York, NY	76.5	75.3	1.6	235.46	217.93	8.0	180.21	164.08	9.8	12.3	2.3	4.0

	Operating Performance - February - 12 Month
	Occupancy Percent			Average Room Rate			RevPAR			Revenue	Supply	Demand
Segment	2008	2007	% Chg	2008	2007	% Chg	2008	2007	% Chg	% Chg	% Chg	% Chg
San Francisco/San Mateo, CA	75.6	73.2	3.3	150.19	140.22	7.1	113.55	102.64	10.6	11.1	0.4	3.7
Chicago, IL	67.3	67.6	-0.4	129.85	123.74	4.9	87.34	83.69	4.4	4.9	0.5	-0.1
Los Angeles-Long Beach, CA	74.8	75.0	-0.3	123.87	115.62	7.1	92.69	86.76	6.8	6.7	-0.2	-0.4
Atlanta, GA	62.9	63.9	-1.6	90.82	86.69	4.8	57.16	55.40	3.2	2.7	-0.4	-2.0
Boston, MA	68.7	67.0	2.5	152.41	142.21	7.2	104.77	95.24	10.0	11.4	1.3	4.0
New York, NY	83.9	82.5	1.7	271.97	243.81	11.5	228.07	201.22	13.3	16.5	2.8	4.5

HOTELS