Friday, July 11, 2014

Palm Beach County enjoying uptick in new-hotel construction - Sun Sentinel

It seems like a great time to be an inn keeper. Occupancy rates and tourism is up and number of  rooms is down, but that will soon be remedied. So nice to see flags flying in front of the Gulfstream again, although we will have to wait for the end of next year for its re-opening. It should stand out in the marketplace. Click title for link.
Palm Beach County is seeing an uptick in new hotel development signaling robust growth in room inventory for the first time in many years, tourism officials say.
And county data show more than 1,100 new rooms are expected to come online by early 2016, with an additional 800 rooms in hotel development projects still awaiting approval.
Last year with 164 hotels, the county had 2,195 fewer rooms than its peak of 17,900 rooms and 201 hotels in 2000, according to tourism records.
The loss in hotel rooms since the peak was due mostly to hurricane damage as well as the increase in condo developers purchasing hotels, tourism officials say. Areas hardest hit by hurricanes were Singer Island, Riviera Beach, West Palm Beach, Palm Beach and Lake Worth.