U.S. Hotel Occupancy to Fall 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 because of repercussions from September 11.

The firm's original forecast (released in January) included a projected growth in the national revenue per available room of 3.7 percent, to $56.33. Because of continuing reductions in business and leisure travel, the firm now projects a revPAR decline of 5.2 percent, for an overall 2001 revPAR of $51.

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