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Good news in the world of temporary Washington D.C. shelter. According to a Saturday New York Times story, District hotels are maintaining strong profit levels—-at least relative to the rest of the country.
While New York hotel occupancy rates dropped 16 percent comparing February 2008 to February 2009, they fell only 1.9 percent in Washington D.C. “And for the week of March 15, Washington was the only major city where the three main measures of hotel vitality — occupancy, daily room rate and revenue per available room — were up from the same period in 2008, according to the firm.”