from Forbes (11/25):
Ahead of the Bell: Lodging companies
Associated Press, 11.25.08, 09:25 AM EST
"Pressure on hotel and timeshare companies is likely to intensify in the near term as businesses attempt to negotiate lower corporate rates and U.S. consumers continue to hold off on travel spending, an analyst said.
In a note to investors late Monday, Goldman Sachs analyst Steven Kent said he expects hotel room rates to suffer as corporate travel managers try to bring down the cost on existing deals and as hotel operators offer price cuts to fill rooms." ...
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