by Michael J. Shapiro | July 14, 2010

 The U.S. hotel industry posted $92.41 billion in room revenue for 2009, according to the Hotel Operating Statistics Study for 2009, compiled by Smith Travel Research. That’s the lowest revenue on record since 2004, when the industry took in $85.18 billion in room revenue. Total revenue for the hotel industry dropped by $13.4 billion from 2008, to $127.2 billion, leading to a gross operational profit of 34.0 percent (the GOP in 2008 was 38.2 percent). A 16.7 percent year-over-year decline in revenue per available room represents the steepest RevPAR drop since STR began tracking industry data in 1987.