Happy Hoteliers

Happy Hoteliers 2015 is shaping up to be the best year ever for hotels, better than the record year of 2000. Occupancy rates then were 66.9% YTD, they are now 67.9%. Year-to-date the average daily rate for an occupied room is $120.73 and the average revenue per room (which includes vacant rooms) is $90.23. These heady days may not last, however, with lodging investment up a staggering 39% Y-o-Y.