Meeting Management: A SOFTENING HOTEL MARKET FOR 1999: FACT OR FANTASY?

"We've reached $400-a-night room rates in New York City and we're sick of it," says Maureen Karon, manager of meetings for Office Inc. in Manhattan. She echoes the frustration of meeting executives everywhere who have struggled with the hotel industry's strong seller's market over the past few years. But is relief finally in sight?

Experts say that it is--in some markets. Hotel occupancy rates for both 1998 and 1999 are on the decline. PKF Consulting in San Francisco projects last yea

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