In October 2002, occupancy rose 3% to 65% from 62%; average room rate dropped 3.3% to $91.56 from $94.71; and RevPAR was up 1.4% to $59.56 from $58.75. The numbers were reported by PKF Consulting, which monitors the hotel industry.
San Antonio's CBD, which had the highest numbers in October 2001, had the smallest increases. Occupancy was up a meager 0.7% to 70.1% from 69.3%. Both average room rate and RevPAR were down. The average room rate dropped 4.3% to $118.31 from $123.64 and RevPAR fell 3.2% to $82.94 from $85.70.
The biggest increases came in the city's south submarket. RevPAR in the submarket's hotels and motels leaped 31.8% to $31.78 from $24.11; occupancy jumped 11.8% to 54.1% from 42.3%; and average room rate increased 3% to $58.69 from $56.97.
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