NOI for all hotels is projected to hit all-time low with almost a 40% decline

By editor | Published: August 31, 2009

STR for monday 831Jim Butler of Jeffer Mangels Butler & Marmaro, article:  ”From some reactions, you might think that the likely “End Of The Recession” by the end of 2009 means that the “Recovery” is close behind.  Unfortunately, what follows next will not feel much better for many for a very long time. Nowhere is that more true than in the luxury hotel segment, where Smith Travel Research foresees a 27% drop in RevPAR for 2009 followed by another 9% in 2010!”

Click here for full article from Jim, also please note different graphs:  MLI

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