If projections clutch true, the fi...
If projections clutch true, the five quarter wave in hotel spending would be the same amplification and pace as the last lodging market construction redemption in 1995-96. Although construction spending for inns declined in June and July activity is up 12% from last December's soft point Spending is forecast to increase at a 15% annual pace from late 2003 between the walls of 2004. Renovation will initially be a relatively high share of spending, yet spending for additional rooms will become a relatively high share at late 2004 and into 2005 inn operators have progressively increased
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