News for the Hospitality Executive
Boykin Management Company Reports A First Quarter
RevPar Increase of 7.2 Percent
NC, May 15, 2008 - Boykin Management Company reported a 7.2 percent RevPar
increase for the first quarter of 2008. The increase was driven by significant
rate growth and expected occupancy growth in all hotel markets.
Michael Morton, Senior Vice President of Operations said "....despite the costs of fuel and the pressure on some markets, we are pleased that our strategies are working in this challenging environment. The advent of an early Easter had some impact on the Florida resorts, however aggressive group pacing offset the anticipated decline."
About the Company:
Boykin Management Company