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S.C. hotel occupancy rate climbs 3% year over year
Staff Report //June 24, 2019//
Listen to this articleSouth Carolina’s hotel occupancy rate was up 3% year over year in May, according to data from the S.C. Department of Parks, Recreation and Tourism.
The occupancy rate across the Palmetto State was 68.6% in May. Despite the growth compared with May 2018, that’s lower than April’s occupancy rate of 71.9%
South Carolina stayed about even with the rest of the country, which had an occupancy rate of 68.7%.
The average room rate in South Carolina was $126.12, with revenue per available room, or revpar, of $86.57. The average room rate was 3.4% higher than in May 2018, and revpar was 6.6% higher.
Year to date, South Carolina is seeing a 63.3% occupancy rate and a $112.74 average room rate; both are almost 1% higher than this time last year.
The three-month occupancy outlook from travel research firm STR Inc. predicts a 75% occupancy rate in June, down 1.4% from last year, 74.2% occupancy in July and a 69.3% occupancy rate in August.
