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Hotel News
Condotel.biz
offers the latest condo hotel articles and real estate investor news
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hotels. Find out what the media is saying about condo hotels.
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TOP COMMERCIAL REAL ESTATE NEWS STORIES |
Provided by Commercial Real Estate Direct
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 The perfect storm that hit the hospitality market on 9/11 and the economic recession is clearing. Occupancy and revenue levels are steadily increasing and the future looks downright sunny. Occupancy through May of 2004 is up 4.6 percent nationally and rates have increased 3.5 percent over the same period last year.
Revenue per available room, or RevPAR, a widely used industry metric, is up 8.2 percent. For the full year, the industry is expected to see a 5 percent increase according to Smith Travel Research. With the reversal of fortunes, investors are hungry to take part in the sector's recovery.
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