New York City hotels last month benefited from the highest average occupancy rate in four years, according to the latest figures from NYC & Company.
The city's tourism office reported an average occupancy rate of 92.4 percent in August. The average daily rate edged upward about a buck from July to $285.84.
That's $20 higher than in August 2007, but still about $40 less than this past June, when a typical night cost $325.94.
Hotel rates should only increase over the next several months, as the city's various lodges hit peak travel season.
Last September, the average overnight stay cost $340.33. Rates last November and December hovered around $370.
Copyright Obser - Observer
