"Even with the record declines in RevPAR forecast, there will not be an industry aggregate loss. Profits for the year will decline to between $18 and $20 billion compared with 2000 record profit of $23.5 billion," said Bjorn Hanson, Ph.D., global industry leader, PricewaterhouseCoopers Hospitality & Leisure Practice. Citing factors such as a decline in leisure travel, particularly to New York City, short-term airline disruption, the traveling public1s safety concerns, stock and commodity ...

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