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Hotels Get Boost from Temp Housing Needs

Economy and midscale hotels outperformed forecasts in the third quarter (and likely fourth quarter) because of displaced residents and clean-up crews requiring temporary housing after Harvey.

By Lisa Brown | Updated on November 09, 2017

Marriott Marquis The sky bridge connects the Marriott Marquis Houston to the GRB Convention Center.

HOUSTON—Third quarter hotel performance was better than expected and fourth quarter is anticipated to be generally positive, according to Vince Ciepiel, senior analyst, Cleveland Research Company. Ciepiel presented the research to support these predictions at the Lodging Conference last week.

He pointed to the need for hotels in the aftermath of Harvey and Irma, which provided a boost to the latter quarters of the year. Specifically, economy and midscale hotels outperformed forecasts in the third quarter because of displaced residents and clean-up crews requiring temporary housing.

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