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Published on : Saturday, December 24, 2016
Metro Atlanta that is located in the United States is ready to get a boost in its regional hotel industry in the year 2017 thanks to the strong demand that has compelled lodging companies to increase their supply.
At least about 2,100 new rooms are believed to be created online in the following 12 months that marks an increase of 2.2% over 2016, as declared by industry observers. The figure is a sharp contrast to the increase of just one-half percent in the number of added rooms in 2015.
This would bring the total number of hotel rooms in the area to about 97,500.
Mark Woodworth, the senior managing director and head of lodging research for CBRE Hotels said that the new hotel construction in the region of Atlanta has begun to grow steadily because of a very robust business environment.
However, the growth in the number of hotel rooms is likely to have an impact on the daily rates.
More rooms would automatically mean that the daily rate that hotels charge for lodging would increase to a certain extent that is by 4.4% next year instead of the 5.9% increase in 2016.
The increase in the number of hotel rooms would ensure a larger number of employment options for drivers, laundry services, restaurants as well as cultural attractions. William Pate, president of the ACVB said that hotels are also crucial since they help accommodate visitors to the metropolitan area.
The Solis Hotel with 214 rooms located close to Hartsfield Jackson International Airport, Omni Hotel in Cobb County and the 166-room Embassy Suites hotel are among the few hotels that are currently under construction in this area.
As many as 18 conventions would be held in Atlanta in the year 2017.