WZTV FOX 17 - Top Stories
Monday, January 21 2013, 10:24 PM CST
Chattanooga adding hundreds of hotel rooms
May 19, 2013 18:39 GMT
CHATTANOOGA, Tenn. (AP) -- The Chattanooga market will add hundreds of hotel rooms in the coming year, following four years of booming revenues for its hotel industry.
The Chattanooga Times Free Press (http://bit.ly/112fNkG ) reports at least 728 hotel rooms under construction are to be added this year and next, citing Smith Travel Research.
That extra supply comes amid expectations for a busy summer tourism season but on the heels of a drop in demand so far this year.
According to Smith Travel Research, Chattanooga's hotel occupancy rates in the first three months of this year dropped 10.4 percent from the same period a year ago.
The summer tourism season kicks off when the USA Cycling Professional National Championships roll into town Memorial Day weekend. The event is expected to draw about 25,000 spectators.
Information from: Chattanooga Times Free Press, http://www.timesfreepress.com
Gauge of US economy's future health up in April
WASHINGTON (AP) -- A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: LABOR GROUP SAYS CONDITIONS AT APPLE PLANTS IMPROVING
WASHINGTON (AP) -- A labor group Apple joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are getting better.
ON THIN ICE?
ANCHORAGE, Alaska (AP) -- He was already on thin ice with the law when he failed to meet the conditions of his probation.