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Corporate mtg. demand fuels airport hotel optimism.

Publication: Business Travel News
Publication Date: 26-APR-04 		Format: Online - approximately 838 words
Delivery: Immediate Online Access

Article Excerpt
Though quality buying opportunities abound, analysts and hoteliers report some recent growth in corporate meetings demand for the cost efficiency of airport hotels.

For more than two years, the combination of a particular set of factors--beyond the economic and terror-related issues that have affected the entire lodging industry--limited the occupancy at and negotiating leverage of airport hotels: Low levels of air travelers deprived those properties of its most fertile opportunities for corporate meetings, heavily discounted room rates offered by downtown properties drew a larger share of the limited number of corporate meetings available and smaller citywide events enabled downtown properties to house more attendees, pushing fewer to the airport properties. The result was exceptional buying power for those corporate buyers interested in booking airport...

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