Is it really that simple?
I'm not buying it. I live in a middle-class neighborhood and rarely hear of folks going to upper-scale hotels. In fact, one of our 4 star hotels is struggling to keep out of bankruptcy.
The dirty little secret in the hotel business is that virtually nobody actually pays full “rack” rate. The industry followed the airline model and stopped expanding so that they could yield rate more efficiently. While there are “evergreen” markets like Manhattan and some of the resort areas during busy seasons (winter in Florida, summer in the coastal areas along the east coast), if you set those aside, 68% occupancy is nothing to brag about. Hotels are discounting and using the online travel agencies (OTAs) like never before to put heads in beds every night. The difference between what a hotel asks for on their own website and what they’ll accept through Priceline is stunning and shows the fine line between “robust” and marginal. The “expanding economy” is bogus and on the brink of collapse.
Does this include People who LIVE in seedy Motels because they can’t afford to Rent an Apartment?
Hotels are giant Petri dishes where cooties cultures flourish...
And the greedy hotel industry hires millions of illegals.
I really dislike hotels and refuse to stay in one.
Dear Myles: if the number of rooms continue to decrease, the average occupancy rate per hotel will increase. Oh, btw, what was the industry's net profit after takes over the same period?
Never mind.
5.56mm
5.56mm
Article is full of it. There’s a Days Inn near me that’s full, full of section 8 welfare mommies.
I think this report is simply “bullshit.”
Where is the breakdown of the types of guests? How many work directly for the government? What % are there conducting some type of work caused by government regulations? What % of guests are paying for meals, lodging and entertainment with money that came from the hands of taxpayers.
And...last, but not least, what % of guests were ordinary citizens on private trips, paid for by private money and for vacations or business that was not related to government (or caused by government regulations) in any manner.
I think the number will be very low.
How about the huge blocks of hotel rooms being rented by the Feds to house "undocumented immigrant children" and their extended families?
More like, “you’re evicted. Move out.”