The PFK unit projects occupancy for this year will dip to 61%, down 8.2% from 67% in 2002. Occupancy next year will fare no better with an estimated 60% occupancy. A turnaround in 2003 will raise occupancy to 65%, generally considered by hoteliers as the break-even level.

Revenue per available room this year is projected to slide by 6.2%.

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