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WASHINGTON - Sept. 29, 1999 -The American Hotel Motel Association
(AHMA) released its annual Lodging Industry Profile (LIP), a statistical
analysis of the lodging industry for year-end 1998.
According to the LIP, 1998 was the most profitable year ever for the lodging industry, netting $20.9 billion in pretax dollars�nearly 23 percent more than in 1997 and nearly double the amount in 1996. The LIP lists the industry�s total revenue, employment impact, average occupancy rate, average room rate, and other resourceful facts about the lodging and travel and tourism industries. After suffering losses a decade ago because of declining occupancies and slowing revenue per available room (RevPar) growth, the industry continues to advance steadily. Total industry revenue rose from $62.8 billion in 1990 to $93.1 billion in 1998. Other facts found in the 1998 LIP:
For a free copy of the LIP, call the AHMA fax-on-demand service at (800) 701-7725, document No. 10, or the AHMA Information Center at (202) 289-3193. A full copy can also be found on the AHMA Web site, www.ahma.com. AHMA, founded in 1910, is a federation of state lodging associations throughout the United States, with some 11,000 members worldwide, representing more than 1.4 million rooms. AHMA provides operations, technical, educational, marketing, and communications services plus governmental affairs representation to the lodging industry. |
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