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Hotel and restaurant business declines nationwide
New York and Washington feature sharp sector drops in the first half of 1963 as tightened expense account rules spark confusion and curb spending. Occupancy, food and banquet sales slip while associations warn of substantial losses and note overbuilding as a contributing factor.
MENTIONED IN THIS ARTICLE
New York
Uncle Sam
Washington
New York City
Hotel Association
New York State Restaurant Association
William Thomas Power
National Restaurant Association
Power
Washington Association
Bourdon Dawes
Hotel Association of Washington
Commerce Department
Horwath & Horwath
United States
Dave Arpin
Florida Hotel and Motel Association
Florida
Arpin