Laserfiche WebLink
<br />AREA OVERVIEW <br /> <br />II . 21 <br /> <br />CONCLUSION <br /> <br />Houston is posting healthy growth, driven by the strong energy sector. The engineering <br />and oil service companies will continue to benefit from reconstruction contracts in Iraq <br />and continued diversification of the metro area's industrial structure and the above <br />average population growth will ensure healthy overall growth over the forecast horizon. <br />Based on economic growth rates in Houston, a positive economic environment for the <br />hospitality industry is estimated over the foreseeable future. <br /> <br />The magnitude of the Port of Houston and petrochemical industry coupled with the <br />recent increase in business and leisure activity in the primary market area appears to <br />support the need for an upscale, full-service hotel. <br />