Wednesday, January 6, 2010

Damage Is Done: Lower Room Rates Hurt Hotel

A dismal economy and the plummeting cost of an average room made 2009 a year the hotel industry would just as soon forget.

“I’ve been in the San Diego hotel business for 36 years and have never seen anything worse than this — not even after 9/11, because that recession didn’t last as long,” said Jack Giacomini, vice president, managing director and partner at the Hotel Crowne Plaza Hanalei in Mission Valley

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