NEW YORK The consensus feedback from Paine Webber s contacts in 11 U.S. hotel markets is that corporate travel business remains positive and is not moderating to the extent that most might think given the dramatic slowdown in the U.S. economy.
Markets where early 2001 RevPAR growth is exceeding expectations are Dallas, Orlando and San Francisco/San Mateo. FelCor, Hilton, Host Marriott, MeriStar Hospitality and Innkeepers have the highest percentage of their owned rooms in these markets. Starwood Hotels & Resorts also has several owned and managed properties in these markets. The markets that provided early 2001 RevPAR growth feedback below expectations were Boston (suburbs), New York City, and Seattle. (1/26/01)