Growth Trends
The Travel Market is Healthy and Growing
Travel Expenditures, U.S. Dollars (in billions)
Source: TIA, Travel Statistics & Trends, April 2005
A Record-Breaking Profit is In-Store for Hotels, Resorts and Casinos!
- 917 hotels with 100,559 guestrooms are planned for 2007 – the
highest total for new openings since 2001.
- 2007 is on-track to become the second record-breaking profit year
in a row – expected to exceed the record $25 billion anticipated
for 2006.
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Growth Trends: Healthy hotel market as revenue per average room increases.
Total U.S. revenue per available room (RevPAR), September YTD 2000-2004
Source: Lodging Econometrics
Fast growing hotels market. Between 2005-2007, an approximately 5% increase in supply.
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