Hotels Show Minor Rise in Occupancy Rates

Local hotels are showing a slight rise in bookings with the lifting of the statewide stay at home order and the easing of local restrictions providing hope for a quick return to better days.

Occupancy for the week was reported at 27.2 percent by the Springfield Convention and Visitors Bureau.

“Stay-at-home restrictions had not yet been eased [for that week],” CVB head Tracy Kimberlin wrote. “That indicates the impact of the pandemic on the hotel industry has bottomed out.”

The stats for the week showed that compared to last year, occupancy was down 62.4%, the average daily rate was down 31.5%, demand down 61.3% and revenue down 73.5%.

Kimberlin said that they are starting to see interest in rescheduling canceled events.

“The good news is the planners of many group events that were postponed are now attempting to rebook for later in the year and we should see a surge of business we don’t usually see in late summer and fall, and perhaps even into winter,” Kimberlin wrote.

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