Hotels in 1998: Sky-High Rates

PKF Consulting has released a mixed bag of projections for U.S. hotels next year, with room rates performing well across the nation but occupancy rates varying from market to market.

According to the international hospitality firm's annual "State of the Hotel Industry," occupancy rates will remain steady at 73.9 percent for 1998 for the 42 cities surveyed. Occupancy rates for 11 cities should improve in 1998, while the rates are expected to decline in 18 cities and stay flat in 13.

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