Springfield hotels end year ahead in room revenue

Revenue brought in by Springfield hotel rooms climbed 5.8 percent to $106.1 million last year from $100.3 million in 2015, according to data provided by the Springfield Convention & Visitors Bureau.

Hotel room revenue rose along with most of the other Queen City lodging metrics tracked by the CVB.

Springfield hotel data in 2016:
    •    The number of occupied hotel rooms rose to 62.4 percent from 59.8 percent in 2015.
    •    Average daily rate moved up to $81.09 from $79.47.
    •    Revenue per available room was $50.60, up from $47.55.
    •    Room demand increased to 1.31 million from 1.26 million.

Room supply — the number of hotel rooms in the city multiplied by the number of days in the month or year to date — fell to 2 million from 2.1 million a year earlier, according to the CVB.


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