STR reports that hotel performance declined significantly in the past week in markets that rely on government business, such as Washington, D.C., and Norfolk, Va., as well as hotels that cater to national park-goers. The declines are attributed to the government shutdown that began Oct. 1. "Several variables factor into the performance for the week, and overall there were challenges for a number of markets. Long-term effects of the shutdown remain to be seen, but in the early going it clearly had an impact on the overall hotel industry," said Brad Garner, senior vice president at STR.
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