Soft Lodging Market Continues: Upscale Hotels and Resorts Hit Hardest

According to PricewaterhouseCoopers latest U.S. lodging forecast, RevPAR (revenue per available room, which is the best indicator of the lodging industry’s long-term financial health) will decline by 15.0 percent in the fourth quarter of 2001. The study also predicts a total 7.1 percent decline in 2001, the lowest since this type of data was first collected 34 years ago.

Another hotel consulting firm, LodgingForecast in Durham, N.H., predicts a slow rise in RevPAR beginning in April o

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