Business English Lesson – Advanced Level''''s archiveThe New York Hospitality Industry pdf

Business English Lesson – Advanced Level's archive
The New York Hospitality Industry
1. "New York City's hospitality industry is fire," the
global chairman of brokerage services at CB Richard Ellis,
Stephen Siegel, said, "People from around the world want
to visit New York and of course, they all need places to
stay."

about
in
on
under
2. Supply cannot meet the demand which has been
created by more than 41 million visitors to the city in
2006.

no
some
the
yet
3. According to industry leaders, 44 million visitors — a
record number — are expected this year, helping to
the hospitality fire.

burn
fuel
kindle
singe
4. Owners and operators in the hospitality are
saying they have not experienced such impressive cash
flow, hotel property selling prices, and availability of

financing for close to a decade.

area
arena
section
sector
5. Even after several years of growth, real estate
experts say the market is improving so far in 2007.

absolute
affirmative
positive
potential
6. "Occupancy levels have been close to capacity for the
second year in a row, and room rates had another year of
double growth," the president of Lodging Advisors,
Sean Hennessey, said.

bed
digit
standard
unit
7. In of this, more and more people assume the
pace of improvement must moderate; and yet, for the first
quarter of 2007, occupancy is up about 1 percentage point
over last year, and room rates are up 12%.

case
lieu
light

proof
8. The Manhattan hotel market is hot, with demand
for hotel rooms far outstripping supply.

flame
pot
stove
white
9. During the past several years, several thousand hotel
rooms have been lost from the city's inventory due to the
of existing hotels to residential use.

conservation
conversion
restoration
reversion
10. As the New York lodging market continues to
experience increases in average rates, and as the robust
residential market slows down a bit, we are now seeing
that hotel economics begin to out the feasibility of
new hotel development.

draw
eke
pencil
sketch