Dealing With the Economic Downturn: 10 Ideas for Hotels and Resorts | By David J. Sangree and Joseph Pierce (Hospitality Net)
What a difference a year makes. As a nation we find ourselves with rising unemployment, a declining housing market, and tight liquidity markets. As the financial crisis has become widespread, the hospitality industry has been similarly impacted with declining occupancy levels and slower or negative ADR growth. This article discusses 10 proactive strategies for hoteliers to adapt to the economic ...