Reno-Sparks visitation revenue increases 6.8 percent
RENO, Nev. — Taxable room revenues in the Reno-Sparks area grew by 6.8 percent in March compared to the same month of 2017, according to a report from the Reno Sparks Convention & Visitors Authority.
The increase came despite the fact total occupied rooms decreased 2.3 percent. The difference can be attributed to the fact the average room rates per night increased nearly $6 this year to $96.12.
Total taxable room revenues for the month were $29.8 million, up $1.9 million.
The report released April 27 by the RSCVA says occupied rooms for the month totaled 508,954. The overall occupancy rate in the Reno-Sparks market was 68.5 percent.
The survey counts available rooms times the number of days in the month for hotels, motels, 28-day rentals, RV parks, timeshares, vacation rentals and homeowner rentals.
The new owner of The Crossing at Tahoe Valley is Second Bay Holding Tahoe, LLC, based in Redwood City, Calif. The 46,041-square-foot center was originally constructed in 1973.