Credit crunch's effects on hotel development market discussed

10/1/2007 | Travel Weekly

The hotel market has peaked in the view of investors, and while the industry remains solid, it can anticipate a slower rate of growth, said at least one industry expert at the Lodging Conference in Phoenix last week. Nevertheless, another speaker called the current credit crunch a "healthy correction," and analysts said occupancy and RevPAR would remain above average.

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