PricewaterhouseCoopers Revises Lodging Forecast

"Even with the record declines in RevPAR forecast, there will not be an industry aggregate loss. Profits for the year will decline to between $18 and $20 billion compared with 2000 record profit of $23.5 billion," said Bjorn Hanson, Ph.D., global industry leader, PricewaterhouseCoopers Hospitality & Leisure Practice.

Citing factors such as a decline in leisure travel, particularly to New York City, short-term airline disruption, the traveling public1s safety concerns, stock and

Register to view the full article

Register for 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.

Hide 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.