HOSPITALITY AND LEISURE 2007: 48,000 PROPERTIES WITH 4.5 MILLION ROOMS, 2 BILLION PERSON TRIPS 50 MILES OR MORE (44% business travel, 56% leisure) Development Characteristics and Trends: segmented by price, location, amenities Decentralized in mid 20th century with automobiles and suburbanization; clustered at transportation nodes, medical centers, business parks; CBD development increasingly mixed use Full-scale vs. Limited Service (“budget”); Premium vs. Select Service Convention Hotels: 400…
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