ACRO Global Tourism Marketer Articles: Maine hotels see little occupancy growth but rising rates and RevPAR

Maine hotels see little occupancy growth but rising rates and RevPAR
By

David
23 January 2018 (Edited )

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Portland Press Herald

David H. Boggs

President/CEO
ACRO Global
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TourismMarketer

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External Article: https://www.pressherald.com/2018/01/18/hundreds-gather-in-portland-for-forum-on-maine-real-estate-trends/

Comments on Maine hotels see little occupancy growth but rising rates and RevPAR

•David
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•David

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Posted 23 January 2018:

1200 new hotel rooms added since 2013 and 350 more on the way are keeping Portland-area occupancy rates relatively flat at a year-round average of around 60%.

In 2017, average daily rate was $130 and RevPAR $77.50. Both are expected to grow by 2-3% in 2018.

Airbnb is expected to remain an ongoing problem for hoteliers.

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