Laserfiche WebLink
Ell <br />Tachometer <br />November 2010 <br />Cabarrus Occupancy — August Smith Travel Research <br />September Occupancy in Cabarrus County was 53.0 %, down 2.2% from September <br />2009. Occupancy was affected by the absence of two major events. The International <br />Triathlon Union Championships were held at Charlotte Motor Speedway last <br />September. This event did not repeat in 2010. Also, The Auto Fair moved from <br />September to August in 2010. Despite loosing these events on the September 2010 <br />calendar Occupancy tax revenues exceeded September 2009 by $1,439. This was <br />mostly due to the increase in demand of 5.4 %. Year to Date occupancy is over last <br />year's occupancy during the same period by 2.1 %. <br />September Average Daily Rate (ADR) in Cabarrus County was $84.87 down 7.8% <br />from September 2009. Cabarrus County Year to Date ADR is $85.19 down 3.5 %. The <br />State ADR in September was $80.56 up .6% from last year. State ADR Year to Date is <br />$79.48 down 1.4% <br />September Revenue Per Available Room (RevPAR) in Cabarrus County was $44.96 <br />down 9.8 %. Cabarrus County Year to Date RevPAR is $46.15 down 1.5 %. The State <br />RevPAR in September was $44.16 up 8.8 %. <br />Demand for rooms in Cabarrus County in September was up 5.4% and up 18.8% Year <br />to Date. The state was up 10.5% in September and is up 9.2% YTD. <br />1 -2 Page 253 <br />