Hotel Performance Up Slightly from 2001

PORTLAND-Most Portland hoteliers are reporting slightly improved performance in 2002 compared to 2001, according to the just-released fall survey by local hospitality specialist The Dundon Company.

Downtown operators reported a strong summer despite the opening of the 327-room Hilton Executive Tower in June. Airport operators also reported a strong summer. Indeed, occupancy during the all-important season for the industry increased by 6.3% in Portland and by 3.8% in the suburbs, according to the report.

Moreover, out of 174 hotels surveyed, Dundon reports that 39% raised their corporate rate by an average of $8.70. Another 40% kept the same corporate rate. The remaining 21% lowered their rates by an average of $8.30.