Hotels Keep Busy, Many More on the Way

The strong hotel seller’s market continues, but new rooms are under construction at a record pace. So says PricewaterhouseCoopers LLP in two studies released this week.

The lodging analysts are expecting a record number of occupied rooms this summer for the U.S travel industry. The occupancy rate will not beat the 72.1 percent achieved in 2000, but given the 7.7 percent increase in hotel rooms since then, the summer’s predicted occupancy of 71.5 percent will mean a new per-night recor

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