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Hotel Industry News |
Saturday November 22nd, 2008 |
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War's Victims: Airlines, Hotels |
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March 25, 2003 -- Travel is taking such a heavy beating from Iraqi war cancellations that the world's largest hotel chain, Starwood, withdrew its most recent profit outlook and won't give a new one for now. |
Industry reports say hotels will have about 126,000 fewer guests in a war that lasts 30 to 45 days. If the war lasts longer, it will cut into the summer season worldwide and create deeper losses.
External Source - For the complete article click here
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