Wednesday, June 15, 2005

Center City Hotel Occupancy and Tourism: Still Going Strong

April was an exceptional month for Center City hotels, which were 83.6% occupied, up 18.6% from April 2004, according to Smith Travel Research. Revenue per available room (“RevPAR”, a standard industry measure) was at $123.22, up 27% from last April. Year to date, downtown hotels' occupancy was up 8.4% and RevPAR was up 15.2%. PKF Consulting's April industry “Snapshot” also reported that attendance was up this year through April at most attractions in Center City; the National Constitution Center was up a whopping 64.1%.

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