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Economic Analysis Of The Hotel Industry

Economic Analysis of the Hotel Industry

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Title: Economic Analysis of the Hotel Industry

Essay Details:

Subject: Business

Author: Simona R

Date: February 26, 2015

Level: University

Grade: A

Length: 10 / 2882

Essay text:

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. 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...

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