Hold on for seven more months

By Geert De Lombaerde Posted on November 28, 2008 at 11:37 am

Hendersonville-based Smith Travel Research says the U.S. hotel market will begin to rebound in the second half of 2009.

“The deteriorating economic conditions have become so pervasive that it is affecting all areas of travel-nearly all of which have an impact on hotels,” said Mark Lomanno, president of STR. “Having said that, we expect the worst to be over in the second quarter of 2009.”

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Tags: hotel management, Smith Travel Research Inc.  

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