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PO Box 1212 Tampa, FL 33601 Pinellas Updated November 2024
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RETURN TO NEWS INDEX Slump continued in August for local hotels, study shows TAMPA - The local hotel industry continued its slump in August with revenue and occupancy rates down from a year ago. The price of rooms also decreased, according to a Smith Travel Research study. Hotel demand in Hillsborough County actually increased for the first time in more than a year, rising 5.5 percent to 330,322 guests, but that didn't help the bottom line. August hotel revenue in Hillsborough declined 6.8 percent to $26.1 million, year-over-year comparisons by the Hendersonville, Tenn., company showed. Demand in Hillsborough rose 5.5 percent to 330,322 guests. But that higher number of guests paid less – by 11.6 percent for the average daily rate of rooms sold in August, to $78.96. Overall, Florida fared better than the nation as a whole in terms of rooms sold with a decline of 3.9 percent in August compared with a U.S. decline of 6.9 percent. The Tampa-St. Petersburg area showed a 1.7 percent gain in year-over-year rooms sold in August. Reporter Ted Jackovics can be reached at (813) 259-7817. |
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