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Business and the Economy

Springfield Hotel Room Rentals Up First Quarter

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Luggage Cart (Credit: Jason Kuffer; Flickr)

Things are looking good for Springfield’s hospitality industry.  Statistics released today by the Springfield Convention and Visitors Bureau are positive.

During January, February and March of this year, hotels reported a 4.2 percent increase in room demand over the same period last year. 

A record was set in March when 113,933 rooms were rented.

Hotels also reported increases of 11.8 percent in average daily rate and an 8 percent increase in room sales during the first quarter.

In a news release, CVB President Tracy Kimberlin said, “the hotel industry was hit hard by the Great Recession.  Fortunately, it appears that it is now behind us.”

He says when hotels do well, more jobs are created at those hotels and at other travel-related businesses such as restaurants and attractions.