'The slowdown (in construction) is happening everywhere.'

'The effect of bad economic news is probably felt more quickly at the front desk of a hotel than it's felt in the rent rolls of an office building.'

Worsening conditions have put crimps in plans for hotel trusts, as the companies scramble for survival, including shortening dividends.

The outlook will mirror the projections for the US, with low levels of projects under construction.

Many plans are modified or dropped, though prices may stay the same, and no development could keep market stable.

PHOENIX-There is no one size fits all strategy, according to lodging executives. What they advise against is deeply discounting room rates in the current down cycle.

PHOENIX-There is no one size fits all strategy, according to lodging executives. What they advise against is deeply discounting room rates in the current down cycle.

ATLANTA-Stevan Porter, president of InterContinental Hotels Group PLC's Americas region and a main board director, died Aug. 7 after a brief illness in Los Angeles. He was 53.