Retail sales in the Triad totaled $1,290.1 million in May. Corrected for inflation and seasonal variation, retail spending was up 0.2% from April and was up 6.2% compared to May of last year. Employment in retail was up 0.3% in May and up 2.7% over the past 12 months.
Hotel data provided by the Greensboro Convention and Visitors Bureau show area hotel revenues were up 4.2% in May as compared to their level of a year ago. The average occupancy rate for area hotels was 57.6% in May, up from 56.4% in May of last year. Employment in the leisure services was up 1.5% over the past 12 months.