Economy Hurts Hotels
May 06
News economy, meeting industry 1 Comment
The slow economy has hurt hotel business overall – many of the large chains have experienced a drop in business…and their stocks are down.
Travelers are opting to stay closer to home or select less expensive sleeping options in order to combat increased prices and rising gas costs.
Since bookings in the meeting industry are done sometimes several years in advance, the slow down will take some time, but how long?
Has the economy played a role in where you are planning your next meeting? What can hotels do to generate business?