Tuesday, February 08, 2005

2004: Good Year for Center City Hotel Industry

Center City hotels enjoyed a 70.8% occupancy rate in 2004, up 6.8% from 2003, according to research by Smith Travel Research. Further, Center City hotels also saw a 4% increase in average room rate to $130.91. Finally, the occupancy rate in December was 58.3%, up 22.7% from last December.

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