Springfield lodging industry posts best October on record

Springfield’s lodging industry had its best October yet in terms of room demand.

Room demand, which represents the number of rooms rented in the city, totaled 116,647 in October, a 4.5 percent increase from 111,577 in the same month last year. October room demand also was the eighth best month on record, according to the Springfield Convention & Visitors Bureau’s December newsletter.

Through October, year-to-date room demand was 1.1 million, a roughly 3 percent increase from a year earlier.

The October average daily rate for Queen City hotels was the second-highest figure on record at $82.13, $4.47 above $77.66 last year. Through October, the year-to-date average daily rate moved up to $79.89 from $75.41, according to the CVB.

Room sales, the CVB reports, were the third highest to date in October.

Hotel operators collected $9.6 million in revenue from room sales in October, bringing the year-to-date total up to $86.7 million. The $8.7 million in October 2014 brought last year’s total to $79.4 million through the month.