As more supply came into the lodging market globally in 2008, average international nightly rates, excluding taxes, fell 5 percent to $252 after several consecutive years of rate increases. Average domestic booked rates decreased 3 percent year-over-year to $153, after an 11.3 percent increase from 2006 to 2007.

In the first quarter of this year, as occupancy rates fell significantly, overall domestic booked rate, excluding taxes, averaged $180, 11.3 percent less than the first quarter of 2008 and 17.4 percent less than the fourth quarter.

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