The sluggish economy and the trend toward more limited-service, value-oriented hotels has caused a slowing of growth in hotel foodservice sales. After several years of steady and sometimes hefty sales increases—which had marked a reversal from the declines that followed the Sept. 11, 2001, terrorist attacks—the current cyclical slowdown was anticipated and reflected in daily room rates, experts say. Smith Travel Research reported average daily rates rose 5.6 percent in ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!