Downtown Phoenix sees too many hotel rooms

Phoenix has not seen an increase in conventions since the city spent $600 million to upgrade its convention center, and that means there probably are more hotel rooms downtown than needed. KTAR reported that the Phoenix Sheraton, for example, had a 52.5 percent occupancy rate for the first three quarters of 2013. Overall, downtown hotels have about a 60 percent occupancy rate. But Phoenix wasn’t alone in increasing the size of its convention center hoping for more business. Las Vegas and Orlando… Reported by bizjournals 8 hours ago.