The hard numbers show a rebound in occupancies in many locations. While New York occupancies had dipped into the 25 percent to 35 percent range in the immediate days after Sept. 11, they were back up to 54.6 percent by the end of September. "On the most basic level, business appears to be coming back," reported Mark Lomanno, president of Smith Travel Research. Before 9-11, STR had projected a year-end nationwide occupancy rate of 63.7 percent, which it has since lowered to 60.7 percent—a ...

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