Lodging Industry Trends
- Topics:
- Lodging
- Tags:
- Industry,
- Management,
- Rate,
- Strategy,
- University Of Wisconsin
- Source:
- University of Wisconsin
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Overview: The lodging industry in the United States as a whole achieved a room occupancy rate of 59.2-percent in the year 2002 compared to 60-percent in 2001 and 63.5- percent in 2000. These falling occupancy levels reflect the most significant decline in the industry in over 50 years. A low occupancy rate, combined with a drop in room rates have resulted in lower room revenues and profits. This article based on a report projects the 2003 occupancy rate in the U.S. to be 59.4- percent and the 2004 rate to be 60.6-percent.
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Format: PDF | Size: 270KB | Date: Sep 2003 | Pages: 2
