Scottsdale hotel market experiences a March surge

March was good to those in the Scottsdale hotel business, as the market reported a 90.4 percent occupancy rate last month.

According to a Phoenix Business Journal report citing Smith Travel Research, March’s figure represents a 2.9 percent increase from March 2014, with average daily rates also increasing nine percent from a year ago.

With numbers up across the board, Scottsdale hotels of course saw their profit margins receive a satisfying uptick, as revenue per available room saw a 12.2 percent increase in the last 12 months.

Related

SanTan Spirit House in downtown Chandler debuts all-day coffee programJD Vance declines to endorse Netanyahu for reelection, says he’s focusing on midtermsMan arrested after woman’s body found in Phoenix apartment complex dumpster3 Arizona Democrats receive suspicious letters containing white powderUS ties with Ukraine hit new low as Trump slights Zelenskyy and eases up on RussiaMan armed with knife dead after shooting involving Tolleson Police