Hotel

Hospitality Industry Private Sector Players: * ITC Hotels * Indian Hotels Company Ltd.(The Taj Hotels Resorts & angstrom unit; Palaces) * Oberoi Hotels(East India Hotels) * Hotel Leela Venture * Asian Hotels Ltd. * Radisson hotels & vitamin A; Resorts Industry Analysis The hotel industry is experiencing significant growth, with giant numbers of new hotels under construction, particularly in the unify States. Nevertheless, in certain destinations, the number of rooms available is not sufficient to cope with the increasing number of travelers. National line of work order grew about 5 portion last year. Areas skirt Albany, Boston, Buffalo and Hartford are experiencing between 1.5 to 5 percent hotel growth, tally to Duane Vinson, Vice-President of Smith Travel Research. Mr. Vinson said that in that location had been a similar trend in the early 1990s when the frugality started to show signs of improvement and people began traveling again by and by a recession. The national growth rate 10 years ago was in excess of the current growth rate. However, the requirement for hotel rooms significantly dropped after September 11, 2001. He predicts that there will be a drop in request in 2008, followed by a resurgence in 2009 and 2010.

  In Saratoga County, about 200 rooms kick in been added p.a. from 2000 to 2005. Currently under construction are the Hampton Inn & Suites and the Lexington Club in Saratoga Springs. Occupancy rates have been 60 percent and the revenue per available room has change magnitude from $68.52 in 2004 to $71.83 in 2006. In Warren County, hotel occupancy rates were down 2.6 percent, but there were more than 350 rooms added to the market. In fact, room demand had increased about 2 percent in 2006. The average daily room rate in the county was up by 4.8 percent, from $111 to $116.50 per night, and occupancy dipped from 54.9 percent to 53.5 percent, according to Smith Travel Research   An important new component part that helps the industry is the ability to book rooms... If you want to get a full essay, order it on our website: Orderessay

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