According to The Business Journal, hotel revenue from the Marcellus Shale industry reached $685 million, but that number is decreasing as hotels are getting less business.

Near the beginning of the Marcellus Shale boom, the demand for hotels was high; now, however, reports show that occupancy rate has fallen 4.1 percent. This causes concern for bankruptcy and foreclosure.

A decrease in the number of new wells drilled, employment of local workers and the availability of alternative housing are potentially some of the reasons why hotel demand is down in the Marcellus Shale.

From The Business Journal:

“Some companies that originally assigned workers to hotel rooms may now be housing them at alternative sites, such as apartment complexes or mobile homes, further reducing demand for hotel space.”

Via: The Business Journal > Too many hotel rooms built in Marcellus play?