YOUR BUSINESS AUTHORITY
Springfield, MO
Queen City hotels performed better than the state and national averages in terms of occupancy during the Springfield Convention & Visitors Bureau's fiscal first quarter.
The report, released this week by the CVB, shows a 67.3% occupancy rate at Springfield hotels during the three-month period that ended Sept. 30. The CVB's fiscal year started July 1.
Comparatively, Missouri's hotel occupancy rate was 62.9% and the U.S. average was 66.7%, according to Smith Travel Research data used by the CVB. The report also put Branson's occupancy rate at 53.6%, Kansas City at 63% and St. Louis at 67% during the same time period.
"Although July and August were down slightly from last year's record levels, September bounced back and was easily the best September on record," CVB officials said in the report.
Springfield's hotel occupancy rate was up from 65.9% in September 2021.
Other closely watched statistics also were up during the fiscal first quarter.
Average daily revenue at Springfield hotels rose 10.3% to $100.96, and revenue per available room grew 12.7% to $67.99 compared with a year earlier. Total room sales were up by 7.6% to roughly $39 million.
After discovering a niche for vintage typewriters, Laura Prather quickly grew a home-based typewriter sale and service business.
Physician sues CoxHealth, alleging business interference and defamation
Wendy’s franchisee ordered to pay $7M over harassment, PPP fraud accusations
Former PFH execs sentenced to prison time
Springfield CPA pleads guilty to embezzlement scheme
Updated: First Watch business partner sues another for breach of fiduciary duty, fraud