from this morning's San Diego Business Journal (9/2):
Despite Drop in Occupancy, Hoteliers Did Good Business in July
By CONNIE LEWIS - 9/1/2008
San Diego Business Journal Staff
"The county’s inns experienced a decline in occupancy in July, but the numbers were still good, and owners and operators might have raised their room rates and made more money, instead of lowering them as they did to try to bring in more business, says one industry researcher.
Jan Freitag, a spokesman for Smith Travel Research, said he thinks local innkeepers could have achieved greater RevPAR — a term that refers to the average amount of revenue that’s raked in from rooms that are let nightly — if they hadn’t dropped rates." ...
for the complete story
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