from the Salt Lake Tribune (11/25):
Hotel occupancy slips, but still up over toughest years
Bottom line » Higher nightly room rates help make up the difference.
By Mike Gorrell
Salt Lake Tribune
Updated:11/25/2008 10:02:53 AM MST
"All things considered, a 4 percent to 5 percent drop last month in occupancy rates statewide did not cause many sleepless nights for Utah hoteliers.
"We don't like to see decreases, but it isn't a huge decrease," said Larry Hansen, executive director of the Utah Hotel & Lodging Association, citing October occupancy figures from the Rocky Mountain Lodging Association." ...
"It helps, too, that hoteliers could charge 30 percent more for a room last month than in the grim fall of 2001." ...
for the complete story with a nice chart of state and SLC ADRs
Wednesday, November 26, 2008
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