Article: Philadelphia Hotel Occupancy Hits New Milestones & Hotels Invest $160 Million in Amenities for Travelers.

Industry Experts Forecast Bright 2007 for Hospitality

PHILADELPHIA, April 17 /PRNewswire/ -- This year, 2007, promises to be a win-win for Philadelphia hotels and visitors. The city's convention, tourism, and hotel organizations today announced that: hotels have achieved a well- diversified market mix of leisure, convention/group, commercial, and government/airline business; and that the 2006 hotel occupancy and average daily rate (ADR) are healthy, thus sparking $160 million in hotel renovations. These conclusions are based upon the newest Philadelphia Hospitality Industry Snapshot, which includes final 2006 and first quarter 2007 hotel data.

The ...

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