Early signs of a hotel rebound
July 27, 2010 |
The hotel industry in the United States appears to be rebounding this summer, mainly because of strengthening business travel, writes The New York Times.
So far the biggest beneficiary is New York, though other cities on the East Coast are starting to report gains as well. And the upscale, full-service hotels that have long been favored by business travelers have benefited more from the upturn in demand than the midlevel brands, industry analysts say.
The rebound, said Mark V. Lomanno, president of Smith Travel Research of Hendersonville, Tenn., is
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