Sector Snap: Lodging sector Especially New York City

Friday, 16 September 2011 20:56

Hotel News Developments NYC

There are buying opportunities in the lodging sector thanks partly to improving occupancy levels and solid growth for a key revenue metric, an analyst said Friday. But he cautioned that wavering economic conditions could still weigh on the group.

The lodging industry saw both business and leisure travelers pull back on their spending during the recession. This led many companies to lower room rates to draw in customers and slow down development plans. Although economic conditions have started to get better, a lot of uncertainty remains, leaving customers to book shorter trips and hotel companies to limit their supply growth.

 

Article Source: http://www.forbes.com/feeds/ap/2011/09/16/business-financial-administration-us-hotel-sector-snap_8684033.html

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