What a difference a year makes for Cape Cod hotels
DALLAS—For decades, the Caribbean’s hottest hotels have been on the fringes of the country.
But in 2017, the hotel industry is about to get a major boost, with the launch of a new, $2 billion hotel venture that promises to transform its operations.
In a city where few people dare to venture outside their own neighborhood, hotels are a major draw.
In Cape Cod, they’re a fixture, with an estimated 5,000 hotel rooms now booked out.
This summer, the resort city will mark the start of a hotel boom, when its hotels will be booked out across the state for the first time in decades.
Hotelier Chris D’Agostino has spent years making the city’s hotels a top draw for tourists.
In recent years, the industry has grown by 50 percent, and the majority of the hotels now in the market are in Cape Cod.
The result: In Cape Town, the number of hotels booked out rose nearly 40 percent, to over 12,000 rooms.
The city’s population of more than 10 million is nearly twice the size of New York.
But the surge has come amid a severe economic downturn, and D’AGOSTINO and his partners hope to capitalize on the boom.
They have a strong history of bringing in tourists.
D’ABOSTINO, the founder and chief executive of a chain of hoteliers based in the U.K., has been a major player in the Cape Cod hotel industry since his days in the mid-1980s.
For decades, he was a leader in the hotel business, operating more than 600 hotels in Cape Town.
“We had to compete with the rest of the world,” he said.
“You had to make sure you were ahead of the curve.
In the U, a hotel has become a major business, accounting for nearly 30 percent of total hotel bookings, according to hotel booking agency Towers Watson. “
Now that we’re doing it in the 21st century, we have to be ready for anything.”
In the U, a hotel has become a major business, accounting for nearly 30 percent of total hotel bookings, according to hotel booking agency Towers Watson.
But for the U of A, the sector is a niche.
In 2017, more than 70 percent of the hotel bookers there were in the hospitality industry, according the industry group The Tourism Alliance.
The sector is growing at a slower rate in the states that have joined the industry, like Maine and Vermont, and those states account for only about 5 percent of hotel bookbacks in the country as a whole.
And even though Cape Cod is the world’s top hotel destination, its growth has slowed significantly.
In 2016, the city hosted only about one in five hotel bookees.
This year, the rate of bookings has fallen to just 2.5 percent, according hotel industry research firm Towers Watson, down from 4.3 percent in 2017.
DURHAM—The rise in the number and cost of hotel rooms has also hit the state’s tourism industry hard.
Since 2010, the tourism industry in the state has contracted by about 30 percent, leaving some of its largest hotels struggling to stay afloat.
The region’s tourism sector accounts for roughly one-fifth of the state budget.
In 2018, the state expects to lose nearly $300 million from its tourism industry, and that figure could grow to as much as $400 million by 2019, according Toole Capital Group.
But some experts predict that the state will bounce back.
“If you look at the overall economy, tourism is one of the best performing sectors in the entire state,” said Tim Kostela, the president of Toole Group.
“The economic situation in the past few years is going to make it easier for them to grow.
It’s going to help them do what they have to do.”
In 2018 alone, the Cape Town Chamber of Commerce estimates that tourism revenues totaled $2.9 billion.
The chamber said that the increase in hotel booking will help bring that figure to $4.4 billion by 2019.
“It’s going be a lot easier for Cape Town to grow tourism and to attract people to the Cape,” Kostla said.
The Chamber estimates that if the state does not significantly increase tourism revenue, it could lose another $1 billion in the next five years.
In the last five years, South Africa has seen a dramatic rise in tourism, thanks to a series of initiatives that allow foreigners to stay longer and more cheaply, such as the country’s economic success story.
DRAKE BROADCASTING & DISPLAYS—This year, Drake Broadcasting &.
Inc., the nation’s largest local radio network, will bring its flagship station to Cape Cod for the second time in as many years.
The station, which has been in the city for decades, will begin broadcasting on its own station in the spring of 2019.
Drake has long been a leader on Cape Cod in bringing international content to the city.
It launched its first station in 2015, when the local cable