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DNC, Other Conventions Lead to 33% Hotel Revenue Increase

BOSTON-Recently released hotel numbers for the month of July indicate that both occupancy rates and revenue per available room are up. Much of the increase is being attributed to the Democratic National Convention, but a number of other smaller conventions are being given credit as well.

By Naomi Grossman | Updated on August 29, 2004

BOSTON-The city is touting the recently released hotel numbers for the month of July which indicate that both occupancy rates and revenue per available room–or RevPAR–are up. While much of the increase is being attributed to the Democratic National Convention, a number of other smaller conventions that were held here in July are being given credit as well.

“The month of July was fantastic for the City of Boston,” says Boston Redevelopment Authority director Mark Maloney. “The trends over the past few months give us every reason to be optimistic that Boston’s tourism industry is on the upswing.”

According to the Pinnacle Advisory Group, the occupancy rates for this past July were 83%, up from 80% last July. Matthew Arrants of Pinnacle tells GlobeSt.com that while those numbers are respectable, it is the 33% increase in RevPAR that is really impressive. Arrants notes that while last July the average room rate was $142, this July that number shot up to $184, a nearly 27% increase.

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