Surprisingly absent from the Top Five list are Orlando and Las Vegas which have the most rooms in the nation at a combined total of 250,000 units.
Without noting the numbers, Dr. David Lereah, NAR's chief economist, concedes hotel occupancy and room rates should slow through the third quarter before stabilizing in the fourth period.
"NAR expects continued weakness in the lodging market, but a general economic recovery in the second half of the year should help to bolster the sector," Lereah says in a prepared statement. Revenue per available room is expected to grow at a marginally slower pace than the rate of inflation through the remainder of the year.
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