Charlotte hotel business up in May
Published: June 30, 2011
Time posted: 12:08 pm
Charlotte’s hotel business had a good May, with occupancy rates hitting a three-year high.
The Charlotte Regional Visitors Authority also said today that May brought the 16th consecutive month of occupancy rate increases for Charlotte.
May occupancy was 66.1 percent, up 8.7 percent from May 2010 and the highest since May 2008. Year to date, occupancy is 60.9 percent, up 6.8 percent from the same period last year.
There were 664,309 rooms sold in May, up 10.6 percent from a year ago and the highest since October 2007. Year to date, demand is up 8.7 percent in Charlotte.
Year to date, the average daily rate in Charlotte is $84, up 3.4 percent from the same period last year.
The city’s tourism industry is rebounding faster than that of the U.S., the CRVA said, pointing to U.S. year-to-date occupancy being up only 5.2 percent and room demand being up only 6.1 percent.
“The numbers speak for themselves: Charlotte’s hospitality recovery is on the rise,” the CRVA said.