The occupancy rate at the end of 2019 for Philadelphia hotel rooms was 76.3%. The occupancy rate at the end of2019 for Philadelphia hotel rooms was 76.3%.

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PHILADELPHIA—The Philadelphia hotel market ended the decade withstrong results in 2019, including record-setting numbers for theaverage daily room rate and revenue, according to a report releasedon Tuesday by VISIT PHILADELPHIA, the Philadelphia Convention andVisitors Bureau and the Greater Philadelphia Hotel Association.

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The report notes that city's average daily rate rose 5.8%year-over-year to $202.41 and revenue rose 4.3% year-over-year to$707 million.

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In spite of the fact that four new hotels opened in the city in2019 that added 491 rooms to the city's supply, overall occupancyremained solid at 76.3%, as did demand with 3.49 million roomnights consumed.

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"I'm proud that even with new properties entering thePhiladelphia market, our hotels continue to set records," saysPhiladelphia Mayor Jim Kenney. "Our growing tourism and hospitalityindustry works collaboratively to ensure that people choosePhiladelphia for meetings, business trips, and vacations everyseason of the year. This constant stream of visitor activitygenerates tax dollars and supports family-sustaining jobs for ourresidents. That's hugely beneficial to our city and region."

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Some of the other key data points from the report include:

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• Saturday night remained the busiest night of theweek, with average occupancy at 88.1%, while Tuesday was thebusiest weeknight, with 79.4% occupancy.

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• The market posted record revenue per available roomat $154.

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• Growing 1.2% year over year, RevPAR is up from $152in 2018.

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• 4.58 million room nights in supply, 3.49 millionroom nights sold

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• 2019 demand surpassed the overall five-year averageby 4.5%, showing that the market is strong and thriving.

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• Of the 3.49 million rooms consumed, demand was splitlargely evenly among the three segments of travel: business (33%),group (32%) and leisure (31%). Contract business (primarily flightcrews and long-term stays) accounted for 4% of the mix.

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• According to AIRDNA, in 2019, Center CityPhiladelphia saw a significant increase in demand forlimited-lodging options such as Airbnb, with 343,700 room nightsconsumed by guests renting a private room or an entire home, up38.9% year over year.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.