Hotel Occupancy Rates Fall in First Half

Hotel room occupancy rates slipped 2.6 percent to 61.4 percent in the first half of the year compared to the same time period last year. But, despite the softening in demand, average daily room rate and revenue per available room continued to climb, according to Smith Travel Research.

Occupancy rates took a sizable dip in the month of June, dropping 4.5 percent compared to last June. The downward trend is caused by a combination of factors, including a sputtering economy and a 2.3 per

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