Domestic travelers are staying home, further fueling US occupancy rates, say hospitality experts.

'When you look at RevPar, its down considerably, and with 47% occupancy last year nationally, and the price of oil being what is, the local resident isn't traveling.'

About 400 of the 650 units will be hotel condos, managed and rented by the company. Buyers will be able to examine a 5,000-sf model of the project in a neighboring building.

The company believes the demand for extended-stay hotels will continue through the credit crunch.

Small, limited-service hotels are becoming the big play in an economy where it's difficult to find capital for the traditional development.

The hospitality market may be the last to jump on the sustainable bandwagon, but some experts say it's better late than never.

GULFPORT, MS-High occupancies are seen in rebuilt hotels three years after Katrina's rage.

Economic troubles will soon affect the arrangement of meetings at hotels, with organizations examining the scale-back of events this year and beyond.