hotels

these are boring stock, i hold some and recieved div statement today which was ok.money in the bank!!!!!.....yet i am not a real fan of these stocks,but you have;to balance the portfolio.so now might be the time to look at some hotel stocks not necesarely the one i have mentioned,as i had stayed in hotels myself over chrissy i know everything was booked solid.i just read a article and it states that...............Thursday, 9 January 2003
Tourists return to Australian hotels
Source: AAP


MELBOURNE - Guests are returning to Australian hotels following a year-long slump in tourism after the September 11 terrorist attacks in New York.
National statistics released by the Australian Hotels Association (AHA) showed the average hotel occupancy rate last November was 81 per cent, up two per cent on the October figure.

AHA national executive director Richard Mulcahy said the hotel industry was finally seeing strong signs of recovery.

"Hotels are reporting an increase in tourism from Asian countries," Mr Mulcahy said.

"This is a particularly encouraging sign for four and five star establishments in popular holiday destinations."

South Australia is experiencing occupancy rates of 88 per cent, the highest in the nation.

Mr Mulcahy said this was a result of discount room prices, expanded convention centre facilities and excellent marketing of events, such as the bike race Tour Downunder in January.

Strong bookings suggested that high occupancy rates would continue in capital cities after the summer break, he said.

Part of the attraction was that Australian hotels' average room price of $144.80 remained low by international standards.

"High occupancy rates have in part been generated by the low room rates that have been offered by many hotels," Mr Mulcahy said.

But he said a sustained period of strong trading was needed to return the industry to a period of strength.

"The events of September 11 provoked a very significant downturn in tourism in Australia.

"The impact of any further terrorist attacks or of a war in Iraq could dramatically alter the outlook for the industry in the short to medium term."



.......long term bottem cupboard stuff.........