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Article: Philadelphia Hotel Occupancy Hits New Milestones & Hotels Invest $160 Million in Amenities for Travelers.
- Article from:
- PR Newswire
- Article date:
- April 17, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. 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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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 ...