U.S. Hotel Occupancy to Fall to 60.5% for the Year

The Hospitality Services Group of Ernst & Young has revised its growth and profitability forecasts for the U.S lodging industry in 2001 due repercussions from the September 11 attacks.

The firm’s original 2001 forecast (released in January 2001) included a projected growth in the national revenue per available room of 3.7 percent or $56.33. Due to continuing reductions in business and leisure travel, the firm now projects a revPAR decline of 5.2 percent for 2001, for an overall 20

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