This marks only the third time this year the average occupancy rate has risen. Year-to-date, the hotel occupancy rate is 62.7%, compared with 65.5% through the first 10 months of 2001.
Also, the average room rate in October was $86.48, compared with $88.43 a year ago. So far, only four times this year has the room rate been better than in 2001.
Despite the slight increase in the occupancy rate this year, the author of the report, hospitality consultant Bob Benton, says he had hoped for better.
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