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Boca Resorts Lowers Earnings Outlook

BOCA RATON, FL-The owner-operator of luxury resort properties attributes the revised first- and second-quarter outlook to reduced consumer demand for travel and leisure industry services following the Sept. 11 terrorist attack on America.

By David R. Corder | Updated on September 24, 2001

BOCA RATON, FL-Boca Resorts Inc. is lowering its first- and second-quarter earnings outlook in response to reduced consumer demand for travel and leisure industry services following the Sept. 11 terrorist attack on America.

The Boca Raton-based owner-operator of luxury resort properties announced late Friday evening it anticipated lower-than-expected operating results for the three-month periods ending Sept. 30 and Dec. 31.

Announcement of the revised internal forecast comes just a month or so after the company reported a strong yearend performance in an industry already affected by the soft economy.

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