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Jax Daily Record Thursday, Nov. 19, 202012:32 PM EST

Duval County hotels continue to recover from pandemic

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With the loss of convention business, Downtown properties remain the most affected by COVID-19.
by: Max Marbut Associate Editor

The hotel business in Duval County continues to recover from the effects of COVID-19 on business, group and leisure travel.

The Westside hotels reported the best performance in October for occupancy, followed by the Beach hotels. The Westside properties also have seen the lowest percentage of revenue per room loss, followed by the Beaches hotels.

Dependent on convention business, the Downtown properties report the largest occupancy and revenue per room losses. The airport hotels, also dependent on travel, have seen the second-largest losses in those metrics.

Marketwide year-to-date occupancy is 55.3%, a drop of 25.8% compared to the first 10 months of 2019. The average rate is $85.58, a loss of nearly $14 from 2019.

Revenue per room is $47.36, a loss of approximately $27. Room revenue January through October was $256.8 million, a year-to-date loss of $140 million.

 

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