Photo by Cary Scott.

Photo by Cary Scott.

The demand for hotel rooms this spring was up slightly, but not significantly, according to the Office of the Chief Financial Officer.

During March, April and May, hotels saw $510,197,825 in revenue. As April sees the blooming of the cherry trees, the OCFO says spring is an important time for hotels: “This quarter of the year accounts for an average of about 28.5 percent of annual hotel room sales and 31 percent of annual hotel revenues.”

“Weather may have been a contributing factor to this year’s relatively modest spring numbers, but the current year also fits a pattern in which recent annual increases in room-sale revenue have been well below those before the Great Recession,” senior economist Stephen Swaim writes.

Via OCFO.

Indeed, after seeing a huge boom in revenue between 2004 and 2008, D.C. hotels were hit hard by the recession in 2009. While revenues surpassed the pre-recession peak during the 2011 to 2014 period, according to OCFO, growth has slowed quite a bit.

D.C. added 1,678 hotel rooms between 2004 and 2014. The average room rate has increased from $170.57 in 2004 to $233.36 in 2014, according to the OCFO. Average room rate growth has dropped from 35.1 percent to 6 percent during the pre-recession and post-recession periods, respectively.

Via OCFO.