Hotel occupancy, room rates increase
July 17th, 2010
Hotels in the Sacramento region reported the occupancy rate increaseed almost 6 percent in May, as the summer season started.
The occupancy rate climbed to 65.5 percent in May, compared to 62 percent a year ago, according to PKF Consulting, an industry research group in San Francisco.
Average daily rate at local hotels was $91.28 in May, down from $96 paperless payday loans.84 in May 2009.
In the first five months, the occupancy rate was 60.5 percent, up slightly from a year earlier. The average room rate through the first five months was $92.18, down 7.3 percent from $99.42 in May 2009.
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