A report in MiBiz says Kent County hotels achieved the highest hotel room revenue in the county's history, topping several national percentages by comparison.
According to excerpts from the story:
Experience Grand Rapids announced that Kent County achieved the highest hotel room revenue in the county's history in 2010, breaking the 2007 record for best overall hotel performance. Hotel occupancy, revenue per available room and total room revenue for Kent County hotels were also significantly higher than the annual national growth average from 2009 to 2010.
Nashville-based Smith Travel Research, a leading provider of hotel performance data, reports that Grand Rapids hotels earned $103,228,314 in room revenue in 2010 as compared to 2007 earnings of $100,777,493. Kent County hotels increased occupancy and revenue per available hotel room by a record 11 percent, compared to national growth averages of 5.7 percent in occupancy, 5.5 percent in revenue per available room and 7.6 percent in total room revenue.
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