Wednesday, August 17, 2005

Center City Hotels: Still Strong

Center City hotel occupancy was up 7.4% through June, a larger percentage change than other East Coast downtowns, according to Smith Travel Research. Center City hotels were at 73.9% occupancy for the first half of the year, compared to Baltimore (70.2%), Boston (71.2%) and Washington (76.4%).

In June, Center City hotels were at 86.4% occupancy, up 5.9% from 2004. RevPAR (revenue per available room) was up a strong 15.9% for Center City hotels in the first half of 2005.

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