(Carl Cronan is editor of RealEstateFlorida.)
TAMPA, FL-New hotel rooms are a welcome sight to travelers, butmay not work out so well for existing operators. An industry reportshows hotels in the Tampa-St. Petersburg market are losing at least10% of their revenue per available room compared with a yearago.
The latest "RevPAR Roominations" report by J.P. MorganSecurities Inc. points to the Tampa Bay area as being among thenation's laggards in this key measurement of hotel performance. Forthe week ending April 19, Tampa-St. Petersburg RevPAR declined10.5% over the year, with only Phoenix suffering a worse loss at17%.
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