As the economy recovers and business and consumer spending increases, hotel occupancy levels are expected to inch higher this year. For the first time in nearly four years, the demand for hotel rooms is expected to surpass the demand for new hotel constructions, indicating that a sustainable lodging recovery has begun. According to a recent […]
By Kristi Casey Sanders
“Demand in the hotel industry stopped growing in 2006, and as people in the industry are catching on, hotels are becoming more variable in negotiations than they were,” says Bjorn Hanson, a lodging and hospitality analyst for PricewaterhouseCoopers.