In fact, half of the major market cities in the U.S. have revenues per available room (RevPAR) ratios that are either lagging the U.S. average over the past three years, or decelerating. For meeting planners, that means negotiating power, says Bjorn Hanson of PricewaterhouseCoopers LLP, author of the newly released State of the Lodging Industry report. According to the report, Houston, Philadelphia, and St. Louis saw RevPAR ratios decline from 2002 to 2003. Several major markets—Atlanta, ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only gain access to Printer-friendly, you'll get exclusive access to a large archive of premium content.

Already registered? here.