Occupancy rates increase in Newport, Providence

Hotel occupancy rates in the Newport and Providence-Warwick areas increased year to date in Newport, and year over year in July for Providence and Warwick, tourism professionals report.

According to Evan Smith, president and CEO of Discover Newport, Newport occupancy rates, which reflect the ratio of occupied rooms to the total number of rooms, have been at or near capacity throughout the summer.

He cited data from Smith Travel Research Inc.’s STR Report showing July’s occupancy rate at 85.7 percent. Year to date through July, the occupancy rate was 63.2 percent, a 12.4 percent increase from the prior year period.

STR also reported that the average rental rate for a single room was $305 in Newport in July. Year to date, the average rental rate for a room was $203.80, an increase of 5.7 percent.

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According to Martha Sheridan, president and CEO of the Providence Warwick Convention and Visitors Bureau, July occupancy increased 11.2 percent, to 83.9 percent, compared with last July. •

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