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It is not easy for a New Orleans hotelier to forecast the consequences from an event such as Hurricane Katrina. Based on previous experience that tourism revenue are often severely affected by disasters like tornadoes, hurricanes and floods as well as earthquakes. Hotel revenues would obviously suffer when there was a significant incident that led to millions of dollars in damages to properties.
The revenue of hotels is affected by the same sort of events that affect the other sectors. According to research, recovery from the preexisting condition can be as long as twenty-three month or longer. Investors are also expressing similar views about the future for hotel companies, which is apparent in the current underperformance of several hotels real estate investment trusts (REITs.) This means that hotel revenue may also be affected by similar or subtle shifts in the outlook of the economy overall. Any changes to hotel sales can be a factor in the bottom line of your business. This can eventually influence your profits.

The impact of catastrophes such as Hurricane Katrina are directly related to the fact that an increase of visitors from states other than the United States led to a drastic decrease in hotel revenues for the city. The decline in hotel revenue will likely result in a drop in rates for guests. It is a common assumption with business owners. In light of the increased demand for rooms, this assumption is reasonable. Drops in hotel rooms rates can have an indirect but real impact on New Orleans' economy. The indirect effect occurs where the decrease in room rates lowers the number of visitors who travel to the city on an everyday basis.

As was mentioned above The impact of Hurricane Katrina on New Orleans was felt throughout the entire state. However, its most devastating effects were observed in New Orleans' largest city, and that's Slidell. Just about everyone who lives in or is near Slidell has heard the full story of the immense damage and destruction that was caused by the full-service response. So does everybody else know that New Orleans was one of the cities that suffered the most in terms of the number of buildings damaged or destroyed during the disaster? Also, what about the city's hoteliers. Owners of New Orleans' hotel businesses have taken steps to reduce any negative impacts for the city.


Hotel managers are taking action especially those with multiple New Orleans hotels, to protect the New Orleans market. They're employing specific employees to do this. Another option is to cut back on some of their hotel facilities. As an example the possibility of decreasing the amount of employees who work full time in hotels and instead turn that function on to part-time workers. Another option is the use of electronic key locks, as well as other methods aimed to reduce the amount of guests who are not authorized to enter hotel rooms. All of these steps will have a major effect on New Orleans' economy even prior to hurricane Katrina.

Other than protecting hotels from Hurricane Katrina's negative effects on revenue and occupancy, New Orleans area business entities have also taken steps to tackle the economic slowdown in the aftermath of the storm. A lot of local businesses and producers have already announced store closings, retraining programs, and closing of warehouses. Even though the economy remains slow, certain areas in New Orleans have seen the benefits of increased store traffic as well as lower restrictions on travel. The local business owners were able to profit from reduced prices and increased customer trust in the aftermath of Katrina's devastating storm. Katrina in order to boost the sales.

To the extent that New Orleans experiences a slow start to recovery, the impact of reduced hotel revenues won't be evident until the later part of the year, where the city is expected to enjoy a successful Christmas season. 일산op Hotel owners are suffering unprecedented economic impacts from the downturn. The recession's impact on many larger chains has not been significant, if at all.

The business cycle plays an important part in the influence the pre-pandemic demand level has an impact on occupancy rates. But to the extent that New Orleans experiences a period with occupancy rates that are above average this is a positive sign of the market for commercial real estate and New Orleans itself. When occupancy rates increase with time as well as the city's tax revenue and revenues from hotel rooms will start to recuperate from the effects of the storm. An occupancy rate that is higher than the trend can be an excellent foundation for building sustainable tourism which can help city business recover from the storm.

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