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Issue link: https://ccr-mag.epubxp.com/i/666154
14 COMMERCIAL CONSTRUCTION & RENOVATION — MARCH : APRIL 2016 Start every job with ZipWall ® . See how easy it is at zipwall.com. ■ Sets up in just a few minutes ■ No ladders, no tape, no damage D U S T B A R R I E R S Y S T E M 800-718-2255 INDUSTRY NEWS INDUSTRY NEWS 6 The amount, in billions, that Georgia's Hartsfeld- Jackson Atlanta International Airport will spend on a 20-year-long expansion and renovation project, which begins with concourse renovation, and moves into new runway and hotel; work begins this year. Which way is up The once-growing boutique hotel companies faces growing pains O nce among the better-performing hotel sectors in the years following the recession, the boutique and lifestyle sectors are facing fattening demands. Through October 2015, U.S. boutique ho- tels' RevPAR rose 3.7 percent from a year earlier, according to STR. By comparison, RevPAR within the upper-upscale sector, whose chains often compete with the boutique/lifestyle hoteliers, rose 5.5 percent. Some industry observers say the challeng- es are due in part to chain hoteliers' efforts to expand their soft brands. Boutique hotels still get a 30 percent price premium over upper-upscale hotels, while the sector's 77 percent occupancy rate is 11 percentage points ahead of the indus- try's. And the sector's hoteliers continue to add U.S. properties, as bankers get more comfortable backing independent properties. CIRCLE NO. 11