Early in July, the hospitality industry was rocked by Marriott International's announcement that second-quarter profits fell by 24 percent and that revenue per available room (RevPar) would decrease by 1 percent in the United States in 2008. Two weeks later Starwood Hotels & Resorts Worldwide lowered its annual revenue projections and announced its second-quarter profits had fallen by 16 percent. “Business conditions have deteriorated in the U.S.,” said Marriott International Chairman ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only gain access to Buyer's Market in Sight, you'll get exclusive access to a large archive of premium content.

Already registered? here.