Deloitte Releases U.S. Hospitality Performance Review

Deloitte Releases U.S. Hospitality Performance Review

NEW YORK, Jan. 26 -
  What:    “Hospitality Vision: U.S. Performance Review”

  When:    Available immediately

  Where:    http://www.deloitte.com/us/HospitalityVision

  Details:  The global tourism industry saw a significant slowdown in
          most world regions in 2008—- particularly in the final
          quarter—- as the economic meltdown trickled through and
          impacted the number of tourists and business travelers
          making trips and staying in hotels.

          While 2009 is expected to be a tough year for global tourism
          and business travel, the U.S. lodging sector is likely to
          return to growth in 2010.  Despite the current economic
          challenges, the U.S. lodging industry is likely to continue
          to benefit longer term from the rising incomes being
          experienced in much of the developing world. Planning today
          for the upcoming changes in technology, demographics and
          societal concerns that will impact the lodging industry will
          help companies thrive in the years ahead.

          Deloitte’s Tourism, Hospitality & Leisure leaders are
          available for additional commentary about 2008 U.S.
          hospitality performance and the outlook for the industry in
          2009.

  About Deloitte

As used in this document, “Deloitte” means Deloitte LLP and Deloitte Services LP, a subsidiary of Deloitte LLP. Please see http://www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Source: Deloitte