SC hotels see a boost in revenue > Columbia Business Report

Lodges in South Carolina noticed a surge in gross sales within the second quarter, in accordance with a South Carolina market report Colliers South Carolina. A The regular move of vacationers helps to alleviate the issues of staffing issues and elevated gas costs, the report mentioned.

Resort occupancy in Columbia fell in late Might however rebounded to 61.92% by the top of the second quarter, the report mentioned. Common each day charges on the finish of June have been $108.59 and income per out there room was $66.52, each larger than on the identical time in 2021.

The town added 144 rooms with the opening of the Cambria Resort, an upscale lodge on Girl Avenue.

Occupancy within the Greenville-Spartanburg space remained regular at 71%, reflecting a gradual move of enterprise and leisure vacationers to the realm. Income rose to $72.26 within the second quarter and common each day charges rose to $101.37. The return of group journey is anticipated to spice up third-quarter exercise within the area, Colliers mentioned.

Charleston began the busy summer season season sturdy with occupancy rising to 79.19% and each day fee rising to $176.15. Colliers anticipates that Charleston per diem charges will proceed to rise attributable to a robust total luxurious journey market throughout the nation.

Different markets alongside the coast additionally had a robust second quarter. Occupancy within the Hilton Head/Beaufort space rose to 75.7%, common each day charges rose to $286.13 and income per room rose to $216.60, the best within the state. The common each day fee in Myrtle Seashore elevated to $228.61, the identical as in 2021. Occupancy alongside Grand Strand was 77.6% within the second quarter.

Colliers predicts income will proceed by the top of the 12 months, which ought to assist lodge house owners address larger working prices and inflation, and assist fund plans to enhance and refurbish properties which can be falling throughout the delay pandemic.

Attain Christina Lee Knauss at 803-753-4327.

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