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The hotel industry has been riding high with surging occupancy and room rentals.
Similar(59)
These new rooms are coming to market at a time that the seemingly relentless upward surge in occupancy rates seems to have come to a halt and the rate of increase in nightly room rates has been slowing.
While it is clearly evident that the surge in occupancy at these three hotels was the key driver behind the increase in revenues, a large portion of this increase in occupancy was due to the transfer of booked room nights from the flood impacted Nashville hotel.
They are surging nonetheless.
House prices are surging.
Now it is surging.
Coal prices are surging.
Their wages are surging.
Tax revenues are surging.
Surging unemployment in Spain.
Now inflation is surging.
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