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Old 01-30-2002, 02:39 PM   #1
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Join Date: Sep 2001
Location: Plano,TX USA
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Airport Hotels Multiply

Airport Hotels Multiply. Yes, Airport.
...Yet three new hotels have opened near airports in the New York area since Sept. 11, and four more are scheduled to open this year, followed by two in 2003 and one in 2004. Moreover, three others opened only weeks before the terrorist attacks.

None of that timing appears to bode well for the hotel owners, at least not in the short run. Occupancy rates at hotels around Kennedy, La Guardia and Newark airports, which were 93 percent on Sept. 10, plummeted to an average of 66 percent as of Jan. 19, while average room rates over the same period dropped to $120 from $145, according to Smith Travel Research, the unofficial hotel industry scorekeeper...

http://www.nytimes.com/2002/01/30/business/30REAL.html
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Old 01-30-2002, 02:39 PM   #2
Senior Member
 
Join Date: Sep 2001
Location: Plano,TX USA
Posts: 388
Airport Hotels Multiply

Airport Hotels Multiply. Yes, Airport.
...Yet three new hotels have opened near airports in the New York area since Sept. 11, and four more are scheduled to open this year, followed by two in 2003 and one in 2004. Moreover, three others opened only weeks before the terrorist attacks.

None of that timing appears to bode well for the hotel owners, at least not in the short run. Occupancy rates at hotels around Kennedy, La Guardia and Newark airports, which were 93 percent on Sept. 10, plummeted to an average of 66 percent as of Jan. 19, while average room rates over the same period dropped to $120 from $145, according to Smith Travel Research, the unofficial hotel industry scorekeeper...

http://www.nytimes.com/2002/01/30/business/30REAL.html
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