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Unformatted text preview: formance came to an abrupt halt in 2009. While a
total of about 27,300 jobs were added between
2003 and 2008, approximately 10,500 positions
were lost in 2009. Slight recovery took place in
2010 when 700 jobs were added. With sector
employment increasing by 7,400 jobs, or 2.8% in
continued on page 84
83 2012 Colorado Business Economic Outlook Leisure and Hospitality
continued from page 83 2011, it is encouraging to see growth returning.
That said, the industry is still recovering and has
yet to exceed the 2008 job total of 272,900 jobs.
Continued growth is forecast for 2012, but at the
slower pace of 1.4%, or 3,800 jobs. If the forecast
is achieved and jobs total 274,300 in 2012, it would
be a new record for the sector. Food service dominates the employment picture for this supersector,
accounting for roughly two-thirds of total Leisure
and Hospitality employees. Accommodations
According to the STR Analytics (www.STRanalytics.com) projections for 2011, hotel occupancy
across the state will rise 5.5%, to 59.3%, by the
end of 2011; average da...
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