LOS ANGELES U.S. hotel room revenues rose 6.7% in January compared with the same month a year ago, as monthly travel returned to normal levels in 2001 after a slowdown in 2000 over Y2K concerns. The January 6.7% increase in RevPAR came on the heels of a 6.2% gain in December, according to Smith Travel Research.
In January, occupancy for the average U.S. hotel rose 2.4% to 52.2%, and average room rates rose 4.2% to $87.40, according to STR. (3/2/01)
SOURCE:Reuters