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05 November 2008
Hotel occupancy dips to lowest since 9/11
Hotels throughout the state suffered a more than $37 million loss in September room revenue and a more than $58 million drop in total revenue, including retail and food and beverage operations, as statewide occupancy plunged 11 percentage points to 63.2 percent last month -- the lowest level since the months following the Sept. 11, 2001, terrorist attacks, according to a report released today by Hospitality Advisors LLC.
Serge Simard oversees food and beverage operations around the world for Fairmont Hotels and Resorts.