Slow Business Continues for Newport Beac ...
It may come as no surprise to many, but hotels in Newport Beach have certainly seen better summers. The tanking economy and the sluggish real estate market have greatly affected local tourism, making the last summer one of the slowest the hotel business has seen in decades.PKF Consulting, a company specializing in hospitality research, reported that room rates for Orange County hotels fell 16% in the 12-month period ending July 2009. Despite the ....
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