Business
8:03 am
Fri February 1, 2013

2012 was good to Providence's hotels

2012 was a banner year for the Providence hotel industry.  Both occupancy and room rates exceeded the national and regional averages.

Front door of Biltmore Hotel
Credit RIPR file

Occupancy for Providence hotels averaged 67 percent last year, a four percent gain over 2011 and well above both the New England and national occupancy rates.  What’s more, the average daily rate was $137: again, higher than both the national and regional rates.

The Providence Warwick Convention and Visitors Bureau attributes the robust business on bookings for meetings, conventions and sporting events.   Visitors Bureau President Martha Sheridan thinks 2013 will be just as strong.

The bureau says Saturday is the most popular day of the week for an overnight stay – which points to the strength of the city’s leisure travel.

Two months were especially good. In both June and October hotel occupancy exceeded 80 percent in the capital city.

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