Hotel Revenue Rising

July 7, 2003

Hotel Revenue Rising
Just as the travel industry is looking for a noticeable recovery this summer, statistics now show that hotel room revenue in the United States rose the last week of June.

According to a report on TWCrossroads.com, per available room revenue rose 3.4 percent from the same time period in 2002 to $59.86. Occupancy also increased by 2.6 percent and room rates rose 0.7 percent. This revenue was calculated for the week ending June 28.

Smith Travel Research calculated the hotel occupancy and revenue rates. For more on this story, visit TWCrossroads.com.