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Article: U.S. Hotel Industry Well Positioned to Ride Out Economic Storm Industry Analysts Report in Travel Weekly.
- Article from:
- PR Newswire
- Article date:
- October 30, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SECAUCUS, N.J. Oct. 30 /PRNewswire/ -- Global economic reverberations may be causing financial market tremors, but the hotel industry is in reasonably good shape to ride out the turmoil, a report in Travel Weekly indicates.
In an article written by Grant Flowers, the leading newspaper of the travel industry reports that financial analysts are optimistic about hotel industry prospects during this current shaky economic cycle, even though stock prices in hotel companies have dropped recently.
The story quotes Cristina Ampil, senior lodging economist at PricewaterhouseCoopers, who noted that "the fundamentals of the industry are quite good." She added that ...