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Economic Analysis of the Hotel Industry

Essay specific features

 

Issue:

Business

 

Written by:

Dorian F

 

Date added:

September 24, 2016

 

Level:

 

Grade:

A

 

No of pages / words:

11 / 2882

 

Was viewed:

5944 times

 

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Essay content:

The 2004 figures show that there are 47, 584 hotel properties in the US with 15 rooms or more. There are currently 4,415,696 guestrooms available. The industry had sales of $105.3 billion in 2003, which places average revenue per room at $50.42 with an average occupancy rate of 60.1%. The hotel industry is considered part of the tourism industry in the US...
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Currently, tourism is the 3rd largest retail industry in the US. Only the automotive and food industries are larger. Recent Performance The hotel industry is currently experiencing a period of recovery following the events of September 11, 2001. The business and pleasure travel industry was impacted dramatically by the events on that September day...
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