MELVILLE, NY—High occupancy rates for Long Island hotels are projected to continue into 2017, as reported in Newsday.
Commissioned by the Long Island Convention & Vistors Bureau and Sports Commission, the research—presented by Alison Hoyt, director of consulting and analytics for Smith Travel Research (STR), at a luncheon held at the Melville Marriott Long Island—found that the occupancy rate for Long Island in July was 72.9%. Nationally, the occupancy rate was 66.4% during the same month. The occupancy rate is expected to remain stagnant in 2017 for Long Island and the nation.
The ADR on Long Island is expected to increase more than the national average. The research revealed that it’s projected to increase by 3.3% (ADR nationally is expected to grow by 3.1%). The ADR for Long Island in July was $145.60.
RevPAR, which hit $106.11 on Long Island during the same month, is expected to increase by 2.8% in 2017 on Long Island and nationally.