2016 State of the Commonwealth Report
Over the past quarter-century, the hotel industry has become a relatively less important part of the Virginia economy. Occupancy rates have yet to recover to prerecession levels and price-adjusted hotel revenue and revenue per available room in 2015 similarly were below their previous peaks.
Center for Economic Analysis and Policy, Old Dominion University, "Part 3: The Hotel Industry in the Commonwealth" (2016). State of the Commonwealth Reports. 4.