Thanks largely to the weak U.S. dollar, the prospects are good for solid performance this year by the U.S. hospitality sector, according to the 2008 U.S. Lodging Report by Ernst & Young LLP. International tourists are looking to the United States as a "prime vacation spot" and are spending more money, the company reported. "The continued weakness of the dollar is producing multiple beneficial effects on the U.S. hotel market, which is likely to continue for the foreseeable future and which may pull the sector through current recessionary pressures," said Michael Fishbin, U.S. director of hospitality and leisure at Ernst & Young. The company can be found online at http://www.ey.com.
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