Utah hotels, motels see higher room revenues, occupancy rates
The Rocky Mountain Lodging Report for January had good news for Utah motel and hotel operators.
Occupancy, daily rates and revenue were up throughout the state.
The overall occupancy rate in Utah rose from 54.9 percent in January of 2011 to 55.5 in January 2012. The average daily room rate increased from $112.64 to $116.50, while revenue per available room increased from $61.80 to $64.64.
In Salt Lake City the occupancy rate went from 62.6 percent in 2011 to 64.4 percent this past January. Room rates increased from $96.75 to $102.71, while revenue increased from $60.52 per room to $66.14.
A bad snow year didn't appear to be hurting Utah mountain resorts in January. Occupancy rates were up from 61.7 percent in 2011 to 65.4 percent this year, with revenue also up, from $255.25 to $276.40.
Â Tom Wharton