STR Downgrades 2009 Hotel Forecast, But Sees Some Recovery

BTN Online -- Smith Travel Research today revised its 2009 U.S. hotel industry forecast to project a 9.8 percent year-over-year decline in revenue per available room, a much deeper drop than its late October 2008 projection of 2.5 percent, though it said some recovery also is likely in the second half of the year.