28% — That’s how much lower hotel revenue was in Hampton Roads during the week of Oct. 11-17 compared with the same time last year, according to analysis from Old Dominion University economists.
That compares with a decrease by 50% statewide and by 70% in the Northern Virginia area of Washington, D.C., according to a news release using data from STR, a firm that provides hospitality industry insights.
Hotel revenue fell by 54% in Williamsburg, 29% in Norfolk/Portsmouth, 28% in Newport News/Hampton, 15% in Virginia Beach and 12% in Chesapeake/Suffolk.
The hotel industry in Hampton Roads continues to garner the highest occupancy rate among the top 25 markets in the nation, according to ODU’s Dragas Center for Economic Analysis and Policy.
— Tara Bozick, staff writer
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