
Simon Says: Upper-tier hotels have the upper revenue hand
Last week, I reported occupancy rates and revenue per available room for the hotel industry in Richmond County. Averages, however, do not provide information on the complete distribution. Upper-tier hotels had a better year than the average. Occupancy rates were up 0.7% (the average was a decrease of 8.8%), and revenue per available room was also up 0.7% (the average was down 4.5%). Total revenue for upper-tier hotels was 7.7% higher compared to a 4% decline on average. Upper-tier hotels represent 23 percent of all hotels in Richmond County, and








