Show simple item record

dc.contributor.authorCorgel, John B.
dc.date.accessioned2020-09-12T21:02:59Z
dc.date.available2020-09-12T21:02:59Z
dc.date.issued2002-08-01
dc.identifier.other6457347
dc.identifier.urihttps://hdl.handle.net/1813/71467
dc.description.abstract[Excerpt] The sensitivity of hotel revenues to changing conditions in national and local market economies represents an endemic, systematic risk of hotel investing that is not easily managed. Moreover, twice during the last dozen years a catastrophic event has occurred coincidentally with a recession (i.e., Gulf War during the 1990-1991 recession and terrorist attacks of September 11, 2001 during the 2001-? recession). Various Wall Street analyst reports (e.g., Ader, 2001) and industry publications (e.g., Wood, 2002) document the severity of revenue decline experienced by hotels from the combined effects of recession and unprecedented terrorist acts. Recently, room revenues have shown signs of recovery, albeit very slowly, in most areas of the United States. The Hotel Outlook forecasts indicate an even stronger recovery of occupancy during late 2002 and early 2003.
dc.language.isoen_US
dc.rightsRequired Publisher Statement: © American Real Estate Society. Reprinted with permission. All rights reserved.
dc.subjectcommercial and institutional building construction
dc.subjecthotels
dc.subjectinvestment advice
dc.subjectterrorism
dc.subjectrecession
dc.titleHotel Investment: In Recovery or Incapacitated?
dc.typearticle
dc.description.legacydownloadsCorgel17_Hotel_investment.pdf: 132 downloads, before Aug. 1, 2020.
local.authorAffiliationCorgel, John B.: jc81@cornell.edu Cornell University


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record

Statistics