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Article: L.A. hoteliers look hopefully for increase in tourism this summer. (Los Angeles County, California) (Special Report: Quarterly Real Estate) (Industry Overview)
- Article from:
- Los Angeles Business Journal
- Article date:
- April 26, 1993
- Author:
CopyrightCOPYRIGHT 1993 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Los Angeles tourism officials are pointing to the slight upswing in the national economy as evidence to support their hopes of a strengthening local hotel market this summer. But they conceded, in reality, the summer outlook for the L.A. hotel market remains shrouded in mystery.
Looking past summer, no single project holds more promise for downtown Los Angeles hoteliers than the $500 million expansion of the Convention Center, which is scheduled to be completed in late 1993.
Industry experts like Robert Patterson, director of hospitality consulting at the L.A. office of accounting firm Coopers & Lybrand, said the downtown hotel market remains a real question ...