Business English Lesson – Advanced Level's archive The New York Hospitality Industry 1. "New York City's hospitality industry is fire," the global chairman of brokerage services at CB Richard Ellis, Stephen Siegel, said, "People from around the world want to visit New York and of course, they all need places to stay." about in on under 2. Supply cannot meet the demand which has been created by more than 41 million visitors to the city in 2006. no some the yet 3. According to industry leaders, 44 million visitors — a record number — are expected this year, helping to the hospitality fire. burn fuel kindle singe 4. Owners and operators in the hospitality are saying they have not experienced such impressive cash flow, hotel property selling prices, and availability of financing for close to a decade. area arena section sector 5. Even after several years of growth, real estate experts say the market is improving so far in 2007. absolute affirmative positive potential 6. "Occupancy levels have been close to capacity for the second year in a row, and room rates had another year of double growth," the president of Lodging Advisors, Sean Hennessey, said. bed digit standard unit 7. In of this, more and more people assume the pace of improvement must moderate; and yet, for the first quarter of 2007, occupancy is up about 1 percentage point over last year, and room rates are up 12%. case lieu light proof 8. The Manhattan hotel market is hot, with demand for hotel rooms far outstripping supply. flame pot stove white 9. During the past several years, several thousand hotel rooms have been lost from the city's inventory due to the of existing hotels to residential use. conservation conversion restoration reversion 10. As the New York lodging market continues to experience increases in average rates, and as the robust residential market slows down a bit, we are now seeing that hotel economics begin to out the feasibility of new hotel development. draw eke pencil sketch . Business English Lesson – Advanced Level's archive The New York Hospitality Industry 1. " ;New York City's hospitality industry is fire," the global. According to industry leaders, 44 million visitors — a record number — are expected this year, helping to the hospitality fire. burn fuel kindle singe 4. Owners and operators in the hospitality. at CB Richard Ellis, Stephen Siegel, said, "People from around the world want to visit New York and of course, they all need places to stay." about in on under 2. Supply cannot