"Florida hotels are still performing below 2001 levels but have been steadily improving over the last six months," Mark Lunt, E&Y's Southeast/Caribbean hospitality practice leader, says in a prepared statement.
Orlando is "faring the best, where the hotel market is expected to finish the year stable with 2001 and has the most positive outlook for 2003," Lunt says.
Tampa, "without a glut of new supply to contend with, recovered faster than other Florida markets and is closing the gap on Orlando," Lunt says.
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