Hotel rates fall
Hotel rates for the first quarter of 2009 have fallen at three-, four- and five—–star hotel properties, both domestic and international, according to a survey of more than 92,000 room nights in 30 key global destination cities. The survey by Ovation Travel Group found rates dropped on average by 17.4% in the first quarter of 2009 compared to the first quarter of 2008.
Read more on the state of the hotel industry and meetings.
