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War Driving Drops in RevPAR, Room Rates, and Occupancy

Just days into the war, a PriceWaterhouseCoopers survey found that more than 20 percent of booked rooms were cancelled over the next seven days in key meetings industry cities, including San Francisco, Las Vegas, New York, Chicago, Miami, Dallas, and Orlando. PWC lodging industry analyst Bjorn Hanson told the Los Angeles Times on March 24 that bookings over the next few weeks would plummet 5 percent from pre-war forecasts. "The markets being penalized are those with a higher percentage

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