London room rates set to drop by 23 per cent in 2009

This has got to hurt. Marriott has around 20 hotels in the London area while Hilton has around 17.

Extended Stay chain ‘potentially troubled’

As stores close Starbucks takes delivery of new Jet

I guess you have to be able to get to the stores your closing to pick up the keys.

Sonic showed similar results with shares dropping over 10%

The votes are in on Ruby Tuesday and Sonic

CSX Examining Options for Greenbrier Resort

Annual loss is up to $35MM. In a previous post it was $15MM. Also saw an article that suggested $30MM loss.

UPDATE 2-Ruby Tuesday posts loss, Sonic profit misses

Sam Zell looks to add to Starwood Hotels Stake

Heartbreak Hotels

Permits sought to build world's largest hotel in Las Vegas

Peter Webster Named GM Hilton Short Hills

Nothing to do with Finance or Accounting.

We know Peter

Dubai Hotels in price war

What a difference a few months makes. From recent articles that i have seen it looks like Dubai is in a "meltdown"

Hospitality braces for a slow year

No more free beer at Busch Gardens Williamsburg

Armagedon is here. This is the first sign of the end. . . . . . .

Euro slips below $1.34 in European trading

And the GBP is at $1.46. A far cry from the $2.00 when I was last in London.