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SLO Hotels Gain In August

September 22,2104

Screen shot 2013-05-24 at 8.32.33 AMSan Luis Obispo County hotels enjoyed higher occupancy and much improved per room revenue in August compared to the same month in 2013. Smith Travel who posts hotel statistics for cities in the state says SLO County hotels occupancy reached 83.5% in August 2014 compared to 82.5% a year earlier.

The hotels RevPAR number ( revenue per room) jumped from $120.29 a year ago to $132.30 – a 9.9% increase. On a year to date basis SLO lodges occupancy rose to 71.1% from 69.1 % during the same 8 months of 2013. During that same time RevPAR is up 9.3%.

The gains were good across the state as occupancy rose in August to 81.4% from 79.4% in Aug 2103. Best performance in the state was SF  where the average daily rate was $188.65 and occupancy stood at 88.7% in August – the busiest travel month of the year. Statewide, airport hotels appear to be the busiest while interstate highway hotels do poorest.

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