U.S. hotel companies showed a 5.1 percent rise in room revenue in the week to Jan. 17 from a year ago, Smith Travel Research said on Wednesday in a bright note for the battered industry.
Occupancy rose 2.3 percent to 53.8 percent of hotel rooms, and the average daily rate rose 2.8 percent to $84.23.
Revenue per available room, a combination of the two, rose 5.1 percent to $45.32, Smith said, with the improvement relatively steady through the days of the week.
That is important since hoteliers expecting the first year of significant room revenue growth since 2000 are waiting for the return of their best customers, business travelers who stop at hotels for mid-week stays.
Source Reuters
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