The sexual Department estimates th...

The sexual Department estimates that a total of $880 billion was exhausted for new construction or renovation/remodeling of inns and motels during the first ten month of 2002 a decline of 282% from the spending total for the same period of 2001

Following a decline of 115% in the total value of construction work complet forward lodging space during 2001, it considers like 2002 spending was along another 25-30%.

The challenges facing the lodging industry have been well documented on Smith Travel Research (STR), a Tennessee-based research/consulting company that tracks directions in ...