TRENDS

                                    IN THE HOTEL INDUSTRY HAWAII 

    SINGLE ISSUE (January - November) - $35.00 each copy

    SINGLE ISSUE (December) - $40.00 each copy

    ANNUAL SUBSCRIPTION (January - December) - $350.00

    TRENDS SUBSCRIPTION are available to all participating
    hotels free of cost.  Paid subscriptions are available to
    the general public with the exception of non-participating
    hotels.  This subscription policy is made to encourage non-
    participating hotels to join PKF-Hawaii's TRENDS
    IN THE HOTEL INDUSTRY.

    To order TRENDS, please fill out the following application.

  Pannel Kerr Forster International                  PKF North American Network