New hotel development and financing will be affected, area hospitality industry brokers tell GlobeSt.com.
"What it means is the larger (hotel) chains may put off new projects for at least another year here," Dean Fritchen, senior associate, Coldwell Banker Commercial NRT, Winter Park, FL, tells GlobeSt.com.
The bureau, headed by Bill Peeper, projects a slower visitor count over the next 2 ½ months will bring the final 2002 figures to 38.1 million or 4% down from 39.2 million predicted only two months ago.
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