NEW YORK Anxiety about potential drop-offs in business is prompting a number of hotels to roll out deals, said hotel consultant Bjorn Hanson of PricewaterhouseCoopers. With the economy “looking iffy, they don t want to lose business because of rates (that are too high), so they re starting to slow rate increases and offer discounts and (lower-priced) packages,” even though demand remains strong, he said. (3/19/01)
SOURCE:USA Today