Word: horwath
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Dates: during 1940-1949
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Fewer Voices, More Rooms. The boom in the hotel business had begun to taper off. Horwath & Horwath, accountants for the industry, reported that in the first half of 1948, the national occupancy rate was 88% of capacity, down from the 92% in the first six months...
...hotel business-long the red-eyed child of misfortune-is as happy as a room clerk with a waiting list. From Horwath and Horwath, famed bookkeepers of the bed-&-bottle business, comes statistical confirmation: Not alone in fabulous Washington, but in Chicago, Philadelphia and many another city, August hotel business was up 20% over last year. Room sales were up 16%, total restaurant sales zoomed 24%. Room occupancy, significant index of hotel prosperity, averaged 75%-highest since October...