Hotel industry continues recovery

The hotel industry’s recovery continues. Room rates are increasing nationwide and occupancy is up, according to industry statistics. At the same time, relatively few new hotels are being built and many including in New York are being converted to other uses, such as condos. That means the number of hotel rooms is generally not keeping pace with demand. more [NYT]

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.