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Hotels: Occupancy Rate on Track to be 2nd Best Year

November 15, 2016 by Thomas Mullooly

2015 was the best year on recent record for hotels.  By comparison, 2009 was the worst year since the Depression.
And now 2016 has been also been a great year for hotel business. While hotel daily rates have increased slightly over the past year (2015), the occupancy has stayed high. This year’s numbers have not surpassed 2015, but they are staying in line with them.

Bill McBride from Calculated Risk has the details: Hotels: Occupancy Rate on Track to be 2nd Best Year

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Filed Under: News

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

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