Predictions mixed at lodging summit

02/2/2009 | Travel Weekly

Analysts at last week's Americas Lodging Investment Summit had mixed predictions for the lodging industry's next few years. PKF Hospitality Research projected a 25% increase in the number of U.S. hotels unable to meet their debt obligations in 2009, and forecast that RevPAR will decline 9.8%. Jones Lang LaSalle Hotels said 2008 hotel transaction volume dropped by 80%, and noted that investors are already on the hunt for distressed assets.

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