Dallas Hotel Jobs Slowly Recovering
Dallas hotel jobs (Click here) should become more widely available as the industry continues to recover.
The most recent Hospitality Vision report from Deloitte found that the nation's hotel industry saw a strong recovery last year. While Dallas is included in that recovery, the city's hotel industry is improving at a slower rate than many others.
After declining for three years in a row, hotel occupancy throughout the nation increased by 5.7 percent during the first 11 months of 2010 when compared to 2009. At the same time, revenue per available room grew by 5.4 percent, after dropping for two consecutive years.
The local hotel market, which supports many jobs in Dallas TX, also began to recover last year, which is great news, considering the industry saw double-digit declines in occupancy and revenue per available room during 2009.
During 2010, occupancy increased by 6.8 percent, while revenue per available room grew by 3.8 percent. One downside is that the latter increase is below the average for the nation's top 27 markets.
That slower recovery rate led to the foreclosure of 94 hotels in North Texas last year, which is an increase from 30 hotels during 2009. Fortunately, many significant investments are being made in the area that should boost hotel business, from the new Dallas Cowboys Stadium in Arlington to a new opera house at the AT&T Performing Arts Center.
Either way, the hotel industry as a whole should continue to get better this year, as local and global economies continue to recover from the economic downturn.
"In particular, U.S. consumer spending during the important December holidays was stronger than many had expected just a few months earlier," the report notes. "Pent-up demand was thought to be influencing the consumer's desire to increase spending. The U.S. recession officially began in December 2007, and while it officially ended in June 2009, consumers have mostly remained cautious about spending. Instead of spending, they have been working at lowering their debt levels and increasing their savings."







