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Industry Execs Bracing for Worst | lhonline.com

More than 100 lodging industry executives gathered at the Fairmont Chicago Tuesday for an aptly named “Navigating Troubled Times in the Hotel Industry” discussion. Michael Medzigian, chairman and managing partner of Watermark Capital Partners, opened the already somber-sounding seminar with even more sobering news: PKF Hospitality Research’s latest forecast released that morning projected a 7.8 percent RevPAR decline in 2009.

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Management magazine for development, operations and marketing of hotels, motels and resorts. Editorial focuses on in-depth coverage of crucial issues facing the lodging industry: profitability, globalization, financing opportunities, oversupply, technology, foodservice operations, and more. Most of the editorial is staff-written, supplemented by contributions from experts in a variety of industry disciplines.