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| Author: | Smith, R. A. |
| Title: | The winds of change have reached gale force |
| Journal: | Cornell hospitality quarterly: hospitality leadership through learning
2009 : MAY, VOL 50:2 p. 147-150 |
| Index terms: | USA hotel and catering industry hotel management markets recession crises |
| Freeterms: | accommodation |
| Language: | eng |
| Abstract: | Due to the 2009 recession and the credit crisis, an industry-wide downturn affects all the major industry lodging segments regardless of price category or location criteria. The industry is faced with growing supply, reducing demand, and lower room rates. All of the major markets are in the same situation, with only varying degrees of magnitude separating the best from the worst markets. |
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