The W on South Beach, via Starwood Hotels
Hotel occupancy across South Florida suffered a slight decrease in October compared to the same month a year ago, according to STR, Inc.
However, occupancy rates in the tri-county area continued to exceed the national average of 69 percent, with Palm Beach County being the sole area to rise in occupancy last month compared to October 2014.
Here's a quick crunching of the numbers.
Occupancy lowered to 73.7 percent (-0.4% from last Oct) but with daily rates rising, revenue per available room climbed by 4.5 percent. The number of hotel rooms also rose by 4.3 percent in the last year.
Occupancy decreased to 72.7 percent (-0.6% from last Oct) as revenue per available room rose by 3.3 percent.
Palm Beach County
Occupancy climbed to 69.2 percent (+0.9% from last Oct), with a tri-county leading 6.6-percent boost in revenue per available room.
· South Florida's Hotel Occupancy Growth Slows in October [SFBJ]