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Philadelphia Hotel Market Posts Record Daily Rate and Revenue in 2019

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.

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

PHILADELPHIA—The Philadelphia hotel market ended the decade with strong results in 2019, including record-setting numbers for the average daily room rate and revenue, according to a report released on Tuesday by VISIT PHILADELPHIA, the Philadelphia Convention and Visitors Bureau and the Greater Philadelphia Hotel Association.

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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John Jordan

John Jordan

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

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