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

Register to view the full article

Register for MeetingsNet.com and gain access to premium content including the CMI 25 Listing, our monthly digital edition, the MeetingsNet app, live and on-demand webinars, and much more.

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish