GlobeSt.com: Any surprises in the data?
Woodworth: Being in the forecast business, it'snot easy to admit there are surprises. With that caveat, there aretwo surprises that come to mind. One is that room rates are comingback at a much quicker pace than we had originally anticipated,which is a consequence not so much of demand growing faster--that'sbeen on track--but that managers have become better at managinginventories and practicing yield management. The other surprise,although it's less of one, is that, while we knew revenues overallwere coming back, expenses have begun to grow at a slightly greaterrate than we anticipated.
GlobeSt.com: What are the numbers?
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
