Thursday, March 09, 2006

Strong 2006 Start for Center City Hotels

According to Smith Travel Research, Center City hotels achieved 61.4% occupancy in January, up 5.1% from 2005. Center City did better than the rest of the region's hospitality industry, which recorded an overall 5.1% drop in occupancy, driven mostly by a 22.5% drop for airport-area hotels. RevPAR (e.g., revenue-per-available-room) was up 14.6% for Center City hotels.

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