HOUSTON—The Houston hotel market is showing significant gains in both occupancy and room rate in 2000. Local hotels reported an occupancy rate of 68.6% in May, up from 66.3% a year earlier, according to PKF Consulting. Room rates were also on the upswing, and PKF logs an average nightly rate in May of $91.80, up 2.1% from $89.87 in May 1999.

For the five month period ending May 31, the occupancy rate was 66.4%, up from 63.7% in the same period of 1999. The average daily rate in the five-month period was $89.95, up from $87.97.

The strongest market for Houston hotels was Downtown, where there was an occupancy rate 72.5% and an average nightly rate of $154.84. The downtown room rate was up 6.1% from May of last year.

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