(DOWNLOAD) "Development of U.S. Lodging Industry and Its Implication/ Developpement de L'industrie de Logement des Etat-Unis Et son Implication (Report)" by Canadian Social Science # Book PDF Kindle ePub Free
eBook details
- Title: Development of U.S. Lodging Industry and Its Implication/ Developpement de L'industrie de Logement des Etat-Unis Et son Implication (Report)
- Author : Canadian Social Science
- Release Date : January 01, 2007
- Genre: Social Science,Books,Nonfiction,
- Pages : * pages
- Size : 216 KB
Description
1. DEVELOPMENT OF U.S. LODGING INDUSTRY The perfect storm of 9/11, SAR, Iraq, and weak business travel demand had a devastating impact on lodging industry performance from 2001-2003, but a long recovery is taking shape and pricing power is on the mend. Industry occupancy rates have rebounded above 60%, while revenue per available room (RevPAR) has recovery from its recent slide, particularly in the volatile top end of the market. In 2004, the hotel industry appeared to have finally turned the corner. Overall profitability for the lodging industry grossed $113.7 billion, an increase of approximately $8 billion from 2003. Pretax profits rose from $12.8 billion in 2003 to $16.7 billion in 2004.