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US economic slowdown: Coming to an end or just beginning?

US Economic Slowdown

US economic slowdown: Coming to an end or just beginning?

By Hazel Heyer

DUBAI, United Arab Emirates (eTN) - When Jean-Claude Baumgarten, president of the World Travel and Tourism Council, sounded as though he was just joking, he truly wasn’t. He warned the US to take heed of the signs of the times sometime in January. He left with this remark: “In the past, when America sneezes, Europe catches a cold and the ... read more

2008 is bumpy for US hotel business

US Hotels

2008 is bumpy for US hotel business

By Hazel Heyer

Los Angeles, California (eTN) - At the Americas Lodging Investment Summit (ALIS) held last week in L.A., top hotel experts forecast industry meltdown in the days of the current, or impending recession. Main implications for 2008 show occupancy rates; average rates and revenues softening moderately in the US, according to the Oxford ... read more