from today's L.A. Times (8/18):
Hotel industry recovers as travelers fill rooms
By Roger Vincent
August 18, 2011
"Occupancy is rising this year following a drought of business and leisure guests amid the recession. Hoteliers have reduced discounting but largely have resisted raising room prices." ....
"Hundreds of California hotels did go into financial default, but the tide turned this year as travelers ventured forth again, industry analysts said. Terranea alone expects to have more than 740,000 paying hotel and restaurant guests this year, a 22% increase over 2010." ....
for the complete story
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