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Experts Gather to Assess Hotel Health

SAN FRANCISCO-At an investors' seminar in San Francisco, consultants analyzed the hotel industry, revealing that any ongoing additions to the lodging supply will likely be completed by the end of 2003, and any further hotel building would be "highly speculative.

By Michelle Savage | Updated on February 13, 2002

SAN FRANCISCO-At a recent seminar in San Francisco, representatives from more than 35 banks gathered for an update on the prospective financial health of Northern California hotels in today’s economy.

PKF Consulting, an international hospitality consulting firm, and Pacific Coast Bankers Bank, a consortium of member banks, held the seminar at the Orchard Hotel, which kicked off with an overview of national and local lodging markets.

According to Robert Mandelbaum, research director for the Hospitality Research Group, the U.S. Mountain and Pacific states suffered the second largest drop in hotel RevPAR (Revenue Per Available Room) in the nation in 2001 at –11.8. Only the New England/Middle Atlantic region fell farther in 2001, with RevPAR of –17.8%.

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