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Business English Exercises
 

The New York Hospitality Industry

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Home > Teaching Business English > Business English Lessons, Advanced Level # 260
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"New York City's hospitality industry is on 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."

Correct answer: (c) on

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

Correct answer: (c) the

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According to industry leaders, 44 million visitors — a record number — are expected this year, helping to fuel the hospitality fire.

Correct answer: (b) fuel

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501 Business English Exercises — Printable, photocopiable.
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Owners and operators in the hospitality sector are saying they have not experienced such impressive cash flow, hotel property selling prices, and availability of financing for close to a decade.

Correct answer: (d) sector

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Even after several years of positive growth, real estate experts say the market is improving so far in 2007.

Correct answer: (c) positive

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

Correct answer: (b) digit

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In light 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%.

Correct answer: (c) light

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

Correct answer: (d) white

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

Correct answer: (b) conversion

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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 pencil out the feasibility of new hotel development.

Correct answer: (c) pencil

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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