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Article: Hotel industry can ride out economic storms
- Article from:
- Central Penn Business Journal
- Article date:
- November 6, 1998
- Author:
CopyrightCopyright Journal Publications Inc. Nov 06, 1998. Provided by ProQuest LLC. (Hide copyright information)
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Global economic reverberations may be causing financial market tremors, but the hotel industry is in reasonably good shape to ride out the turmoil, according to a news report from Travel Weekly.
The report says financial analysts are optimistic about hotel industry prospects during this current shaky economic cycle, even though stock prices in hotel companies have dropped recently. In the report, Cristina Ampil, senior lodging economist at PricewaterhouseCoopers, noted that "the ...