In Brief for Oct. 8, 2008


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Hotel downturn predicted for 2009 The hotel industry will continue to feel the effects of the economic downturn into 2009, when occupancy rates will bottom out, according to a new report by PKF Hospitality Research. Rising supply coupled with shrinking demand will translate to a 0.2 percent decrease in lodging demand this year, followed by a 1.1 percent drop in 2009, the "Hotel Horizons" report says. To buy the report, click here ...

Scary--but good scary--in New York After all the frightening news from Wall Street in recent weeks, NYC & Co., which promotes Big Apple tourism, is pushing Halloween festivities throughout the five boroughs. Oct. 31 events will include the annual Village Halloween Parade in Greenwich Village and a "Boos Cruise" on New York Harbor. The Bronx Zoo will offer magic shows and other fun on weekends starting mid-month, and the New York Aquarium, in Brooklyn, will turn into the Ascarium, with carnival games and a haunted house.

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