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Forecast Projects Rough Waters Ahead for Hotel Industry

Published Friday, October 24, 2008

Smith Travel Research based in Hendersonville, Tenn. Today released its revised 2008 and 2009 forecasts and its projections for the U.S. hotel industry’s performance in 2010. “We look for things to get tougher before they get better,” said Randy Smith, CEO of Smith Travel Research. “We’ve had an entire year in which we’ve had a cheap dollar fuelling more international visitors, and New York to date has had another good year. We expect those two things to level, so two of the things that have been good for the U.S. lodging industry aren’t going to be there in ...

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