Mar
20

Happy Hotels

2014 is looking good for hotels. Occupancy rates are up 2.1% year-over-year to 64%, the average daily rate (ADR) per occupied room rose 4.8% year-over-year to $114.85 and revenue per room (which includes occupied and non-occupied rooms) was up 7.1% year-over-year to $73.52. Over the past 12 months Atlanta, Denver and Dallas experienced the biggest bumps in occupancy rates while Nashville, Atlanta and Denver had the largest increases in ADR.

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