>More cost cuts seen for U.S. hotels as revenues suffer

Share Button

>NEW YORK (Reuters) – The U.S. hotel industry is likely to report fresh cost cuts this earnings season as sluggish business demand and lower room rates eat into companies’ revenues.
Analysts expect hotels’ key sales metric, revenue per available room (RevPAR), to be sharply lower in the quarter as the continued drop in business travel forces hotels to rely more on price-sensitive consumers, who demand lower rates.

Read more:
http://www.reuters.com/article/reutersEdge/idUSTRE56E5N620090715

About the Author