Hotels Recovery Skyrockets, but Meetings Market Still Soft

The Wall Street Journal reported on Monday, April 8 that hospitality consulting firm PricewaterhouseCoopers will soon release data that shows a dramatic recovery in the battered hotel market.

PricewaterhouseCoopers had predicted in February that the revenue per available room, the standard measure of hotel guest room prices and occupancy, would fall 1.1 percent in 2002. But that forecast has now been revised to positive territory and a rise of 3 percent is expected. The firm predicts

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