Industry Update
External Article 6 August 2010

Small-Town Demand Trailing New York Drags on Rebound in U.S. Hotel Market

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1 min external

Sluggish hotel demand outside the largest U.S. cities is slowing an industrywide rebound even as an influx of leisure, business and international travelers spurs growth in metropolitan areas such as New York. Occupancies at hotels in small towns and near highways were little changed at 49 percent in the first six months of 2010, according to Smith Travel Research Inc. They climbed to 65 percent from 61 percent from a year earlier in large cities including New York, Chicago and Washington.

Read the full article at Bloomberg

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