Montgomery County Hotels Log Record July Performance | NBC 10 Philadelphia
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Montgomery County Hotels Log Record July Performance

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    NEWSLETTERS

    Courtesy of the Valley Forge Tourism and Convention Board
    Montgomery County hotels had record occupancy in July.

    Montgomery County's hotels had a hot July, not due to the heat wave that blanketed the region, but because of the occupancy figures that hit an all-time record.

    The 74 hotels in the suburban county had a record-setting July thanks in part to the Democratic National Convention, the effects of which spilled over to Philadelphia's collar counties, but most notably in Montgomery County, which saw a bigger-than-expected lift.

    The county saw a 7.3 percent increase in occupancy this July over last year, according to the Valley Forge Tourism & Convention Board, citing data from analytics firm STR. More than 200,000 hotel room nights were booked in July, an increase of 11 percent over 2015.

    Hotel room rates were up 13.1 percent over 2015, and revenue per available room, or RevPAR, was up 21.4 percent year over year.

    Year-to-date occupancy for Montgomery County is 68.1 percent, a nearly 5 percent increase from 2015. Occupancy for a 12-month period is 67.2 percent, a year-over-year increase of 5.5 percent.

    To read the full article, click here.


    For more business news, visit Philadelphia Business Journal.