Business: Bugles in the Lobby


The hotel business—long the red-eyed child of misfortune—is as happy as a room clerk with a waiting list. From Horwath and Horwath, famed bookkeepers of the bed-&-bottle business, comes statistical confirmation: Not alone in fabulous Washington, but in Chicago, Philadelphia and many another city, August hotel business was up 20% over last year. Room sales were up 16%, total restaurant sales zoomed 24%. Room occupancy, significant index of hotel prosperity, averaged 75%—highest since October 1929.

Washington, the bellboy's paradise, showed a gain even over last year's whopping totals—up 25% in room sales, 40%...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!