WRAPUP 1-Hoteliers see fewer guests as economic gloom spreads
* Gaylord, Lodgian post wider-than-expected loss
* Downturn in economy hits companies
* Corporate, leisure travelers cut spending
* Gaylord cuts '08 RevPAR view on fall in holiday bookings
* Gaylord shares down 25 pct; Lodgian falls 9 pct
By Dhanya Skariachan
BANGALORE, Nov 5 (Reuters) - Hotel operators, stung by lower occupancy rates, will likely continue to see fewer bookings and higher cancellations in 2009 as both corporate and leisure travelers tighten their belts amid weakening economic conditions.
Gaylord Entertainment Co GET.N, which reported a wider-than-expected quarterly loss on Wednesday, trimmed its total revenue per available room (RevPAR) growth outlook for 2008 after it recently saw a fall in bookings for the holiday period. [ID:nWNAB8146]
The operator of Gaylord Hotels, ResortQuest and country music mecca Grand Ole Opry expects both 2008 same-store RevPAR and total RevPAR to range between a fall of 1 percent and stay flat, compared with its prior forecast of a rise of 1 to 3 percent. Continua...