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| Author: | DeRoos, J. A. |
| Title: | Natural occupancy rates and development gaps: A look at the U.S. lodging industry. |
| Journal: | Cornell Hotel and Restaurant Administration Quarterly
1999 : APR, VOL. 40:2, p. 14-22 |
| Index terms: | Hotel management Capacity |
| Language: | eng |
| Abstract: | The article provides estimates of long-run stabilized occupancy rates, called "natural occupancy rates", for the United States and its largest lodging markets. Using these natural occupancy rates, the writer developed estimates of both long-run and short-run excess demand. By comparing actual occupancy rates to the natural rates, a development gap is estimated both in relative terms, as an "occupancy gap", and in absolute terms, as a number of rooms. |
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