The rates hotels have been charging, though, haven’t dropped as precipitously. Among luxury chains, for example, the average daily rate — what customers paid to rent a room for a day — was actually higher at $409.90 last week, up from $371.72 a year ago, according to STR’s data. Occupancy at luxury chains, though, dropped to 10.6%. As a result, the revenue per available room was just $43.37, down from $291.01.
Hampton Roads hotels empty out amid coronavirus – The Virginian-Pilot
