Ponca City, OK

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Survey shows occupancy up 4.7 percent at hotels in Oklahoma

Team Radio Marketing Group - September 4, 2018 8:31 am

OKLAHOMA CITY (AP) – A survey indicates that hotel occupancy in Oklahoma has risen by 4.7 percent over the past year.
The survey by Nashville, Tennessee-based STR found that occupancy as of July was up 9.5 percent outside the Oklahoma City and Tulsa metropolitan areas. Occupancy at hotels in Oklahoma City and Tulsa increased by 1.6 percent.
The Journal Record reports that northwest Oklahoma City saw a huge uptick in occupancy, rate and revenue per available room. But the survey recorded a decline in the city’s central business district, where occupancy dropped almost 3 percent, and the average daily rate went down 2.1 percent. Revenue was down nearly 5 percent.
The statewide data included information from 922 hotels which represented 72,000 rooms. The figures are only 71 percent of the entire Oklahoma hotel market.

 

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