Following sum of two units disastro...

Following sum of two units disastrous years, hotel/motel construction recorded an impressive 219 percent gain in 1993
The fresh year began on a promising note as well, with January 1994 spending running at a pace 235 percent ahead of a year ago. And although the value of permits issued during 1993 for of the present day hotel construction declined by dint of 5.1 percent from the 1992 plain the first month of 1994 saw permitted work running an encouraging (although unsustainable) 906 percent ahead of the January 1993 total.
However, the sector remains overbuilt. "Real" dollar spending (adjusted