Bright outlook for hotel development.For New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's hotel industry, 2004 has been a strong year with hotel occupancy Noun 1. hotel occupancy - occupancy rate for hotels occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time levels for the first eight months averaging at 81%, with a current average daily rate of $194, a full 10% higher for the same time flame in 2003. The industry continues to expand and flourish With new hotel space and renovated properties. The strong hotel levels of 2004 are not surprising considering the recently released record breaking visitor numbers for 2003. In 2003, domestic travel to New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. set new records with 33 million visitors, a 10% increase over the previous year. Family and leisure travel both were at all time highs averaging 13% and 9% increases respectively. Business travel grew for the first time since 2000 with a respectable gain of nearly 5%. These records helped to bring 37.83 million visitors to the city in 2003, represented by 19.5 million room nights sold. While New York City still remained the number one destination for overseas visitors, SARS and the war in Iraq Iraq or Irak (both: ēräk`, ĭrăk`), officially Republic of Iraq, republic (2005 est. pop. 26,075,000), 167,924 sq mi (434,924 sq km), SW Asia. proved to be detrimental det·ri·men·tal adj. Causing damage or harm; injurious. det  ri·men to
the overall international visitor market, which had a 5% decline from
2002.
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