Moody’s Investors Service lowered its outlook for the U.S. lodging and cruise industry as slower economic growth threatens to limit demand for travel.
The rating company reduced its outlook to stable from positive, according to a statement today. Growth in revenue per available room, a key industry metric measuring rates and occupancy, probably will slow to 3 percent to 7 percent in 2012 after rising at least 7 percent this year, Moody’s said……………………………………….Full Article: Source