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Hotel Industry Outlook Bullish

Robust business and leisure travel, combined with 42,000 hotel rooms knocked out by Hurricane Katrina and continual condominium conversions of hotel rooms, all contribute to an extraordinary outlook for the hotel industry.

Revenue per available room�an indicator of industry health�is expected to be up 8.1% this year and continue growing through 2007.

PKF Hospitality Research in Atlanta reported that the average daily room rate at the end of the year will be about $105.16, except on the West Coast where it will be $114.92. The supply of new hotel rooms will be only 1.4% in 2006.