Rooms Hotels

Hotel industry copes with recovery that hasn’t reached some areas

Excerpt from HotelNewsNow

Jun 13, 2013 6:49 am

Skift Take

Occupancy, growth and RevPar rates in secondary markets are trailing those in big cities. Yes, it’s a tale of one recovery in major markets, and in smaller locales, it’s not so much.

— Dennis Schaal

Register Now for Skift Global Forum

Ken Edwards is seeing recovery in the secondary and tertiary markets in which he owns and operates. But the pace of progress is slower than he would like. Whereas in the past economic growth roared back with increases of 3% to 4%, recent expansion has trudged along at 1% to 1.5%, he said.

“I believe that the secondary markets, the economy will continue to grow. The problem is the economic growth is small. They’re experiencing growth, but it’s just the growth the economy is experiencing,” said Edwards, managing partner for Tristar Hotel Group, which manages 15 hotels, in which Edwards has a personal ownership stake in five.

Read the Complete Story →

Tags:

Next Up

More on Skift

5 Tourism Trends We’re Tracking At Skift This Week
SeaWorld Looks to Travel Agents to Help Reverse Attendance Woes
Skift Business Traveler: The Slow Death of International First Class
3 Ways to Guarantee Your Next Business Trip Won’t Be All Work and No Play