Hotel occupancies across Northeast saw double digit drops due to Sandy
Surprisingly New York held up, which was mainly a result of displaced New Yorkers booking hotel rooms and, of course, NY Marathoners who came to town despite the event’s cancellation.
Excerpt from HotelNewsNow
New data from STR provides some numbers on superstorm Sandy’s impact on hotels. For the week ending 4 November: Washington, D.C., saw a 25.8% decrease to 51.7% for the week, while occupancy in Boston declined 19.7% to 63.1%. Philadelphia, meanwhile, reported a minor drop of 1% to 72.2%.
Meanwhile, absolute occupancy numbers remained relatively favorable in New York, where hotels on average sold 80.5% of rooms, a decrease of 7.3% from the prior year…hotels in the area still sold on average eight out of 10 rooms each night. Overall, the U.S. hotel industry posted a 2.5% decrease in occupancy for the week.