Hotel occupancy rate, revpar up nationwide

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Hotels nationwide saw positive signs last week, with occupancy levels up 6.7 percent week-over-week to 63.5 percent across all sectors and markets, and revenue per available room up 8.6 percent to $63.66 for the same time period, according to the latest data from Smith Travel Research. The average daily rate, meanwhile, was also up 1.8 percent to $100.25. The luxury segment performed best last week, with a 9.2 percent uptick in occupancy, to 70.8 percent, and a 5.2 percent increase in average daily rate, to $250.89. Revenue per available room rose 14.9 percent to $177.72. TRD