Updated at 11:09 a.m., Wednesday, July 18, 2007
U.S. hotel room revenue rose 4.1 percent last week
Advertiser Staff and News Services
U.S. hotels' revenue per available room rose 4.1 percent in the week ended July 14 from the same period a year earlier, according to Smith Travel Research. The revenue figure, known as RevPAR, is based on average occupancy and room rates.RevPar for the week ending July 14 was $76.12, up from the $73.12 in the July 15, 2006 week.
Occupancy, or the percentage of rooms used, was 74.1 percent in the latest week versus 74.4 percent a year earlier.
Average daily rate was $102.68 compared to $98.26.
