Area Makes NAR's Hottest Lodging List

ATLANTA-This metro area ranks with New York, Los Angeles, San Francisco and Riverside, CA as the hottest lodging markets of 2001, based on revenue per available room, according to the newest Commercial Real Estate Quarterly, researched by the National Association of Realtors in Washington, D.C.

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.