Travel Roundup: Hotels’ Summer Low, Qantas Cancels Boeing, Riviera Holdings Delisted and More

BNET -- Hotels will face low point in third quarter — PKF Hospitality Research estimated that hotel revenue per available room will reach its low point this summer and that while 2010 will be hard, it won’t have such rollercoaster lows as 2009. The “bottom” is tied to unemployment and the research group reported that 2010 will still have rising job losses. RevPAR is expected to decline 17.4 percent in 2009 and another 3.5 percent in 2010.