The recent recession cut into Wilmington’s hotel market as demand from financial institutions and other firms weakened; however, new projects, rising room rates, and a strengthening economy in the city and MSA are putting RevPAR on the mend.
Downsizing, travel freezes, and facility closings have made the climate bleak for hotels in northern Delaware, but a slowdown in the introduction of new supply should help shore up penetration levels when business activity and demand growth resume.
ago 28, 2009 Por Jerod S. Byrd
A sluggish national economy hasn’t held back growth in Center City Philadelphia, where expansions of business, tourism, and the convention center bring on a need for new hotels.
ene 23, 2009 Por Jerod S. Byrd
Increased government activity triggers demand for additional hotel rooms in the Baltimore-Washington International Airport market.
oct 21, 2007 Por Jerod S. Byrd