register

Weak GDP Forecast Puts Strain on U.S. Hotel Market

Published Friday, June 06, 2008

NEW YORK — As gross domestic product goes, so goes the U.S. hotel industry. The two are inextricably linked. Just ask J. Willard Marriott Jr., chairman and CEO of Marriott International Inc., who in his illustrious career has weathered at least six economic downturns.  “If GDP comes back up to 2%, we’ll have some good growth in RevPAR [revenue per available room]. If it doesn’t, then we will not. And I think that’s the key,” Marriott remarked during Monday’s opening CEO panel at the 30th annual New York University International ...

To continue reading this article, please register or login – it’s quick and free…

Member Login

Forgot password? Need Help?

Enter your email address below, and we'll email your password.

Are cookies enabled in your browser?

This site uses cookies and session data to keep track of your name and preferences while you're logged in. You cannot login without enabling cookies.

One Step Registration

Fill out the form below for instant access to the page you’ve requested.

Website members also receive access to our entire archive and may apply for a complimentary subscription to our print magazine.
All fields are required Personal Info
  Required Must be a valid email
  Required Passwords must match
  Required
  Required
  Required
  Required
  Required
  Required
  Required

Lodging Hospitality Magazine

Submit the form for instant access to the page you've requested.

LH Interactive

Resources

Follow the Conversation

Marketplace Ads