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Suburban Lodges Revenue Up 4%

ATLANTA-The locally based firm is reporting an overall increase in its weekly revenue per available room nationwide, and expects the increase to continue despite a lagging economy.

By Shelley M. Johnson | Updated on April 09, 2001

ATLANTA-Locally based Suburban Lodges of America says its March weekly revenue per available room for all company hotels is up 4% to $155.39 from $161.82. Average occupancy rates also increased 3% last month to 81% from 78.7% in March of last year.

In a prepared statement, the firm says the average weekly rate at company-owned hotels was $201.09 last month, compared with $198.18 in March, 2000.

Unless the economic downturn worsens, the company believes its revenue per available room comparisons for the remainder of 2000 will be in line with the March increase.

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