AMHB Reports Occupancy Down, but Average Room Rates Are Up

American Motel Hotel Brokers Network reports that as stated in the most recent STAR Report published by Smith Travel for the week of May 11 - 17, across America occupancies continue to erode compared to last year.  Last week's were down by 2.2%.  However, Average Room Rate was up compared to same week in 2007, by 5.2%, as was Revenue Per Available Room  up by 3%.  Jack Williamson, Senior Vice President of AMHB Network goes on to say, "with the unknown economic climate of the airline industry and the airline industry decisions that are adversely affecting the traveling public, it is actually unknown at this time what impact gas prices will have on this summer's traveling public.  It could possibly be favorable as people may take more car trips instead of air, and for shorter destination distances that would enhance occupancy at lodging properties."

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Comments

[Lynda]

Where can I find a listing of properties that AMHB has for sale?