Hospitality Net – Industry News –

The March 2008 Hotel HorizonsSM forecast of PKF Hospitality Research
(PKF-HR) projects U.S. hotel RevPAR to increase just 3.0 percent in
2008. This pace of RevPAR growth is below the long-term average, as
well as lower than the 4.5 percent estimate forecast by PKF-HR back in
the fourth quarter of 2007. The downward adjustment to the RevPAR
forecast was based on revised projections by Moody’s Economy.com,
PKF-HR’s primary economic forecasting agency, who are calling for a
U.S. recession this year.

Link: Hospitality Net – Industry News –.

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