Tourism is on the rebound in New Orleans. The city had the 11th highest hotel occupancy rate in October among the top 25 markets after posting the lowest rate a month earlier, according to a report in New Orleans City Business. The 63.8% rate was up from 42.5% from a month ago but down 1.1% compared with the same month a year ago, research from Smith Travel Research indicates. New York City had the highest rate at 84.8%. Meanwhile, rooms in New Orleans were the eighth most expensive, at an average of $123.04 a night, up from $88.77 in September and $117.87 a year ago. New York was the most expensive at $254.36, while Norfolk-Virginia Beach, Va., had the lowest average nightly rate at $74.41. The national occupancy rate was 58.1%, up from 56.7% a month ago but down from 61.9% a year ago. The average nightly room rate was $99.08, up from $96.67 in September but down from $107.89 a year ago.
Tourism is on the rebound in New Orleans
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