Hotel News Resource -- Never in all of my 44 years in the business have I seen so much anxiety among hoteliers, owners and asset managers. Not without cause, hotels across the nation have taken draconian steps to deal with the current economic downturn that include layoffs, 35 hour weeks, consolidation of departments, hiring, management salary and bonus freezes, reduction of 401K contributions, closing F&B outlets, and suspension or elimination of existing services and amenities.
