Word: expectations
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Although revpar has been declining at a slower pace in recent months - slipping 20.4% in May, 18.7% in June and 15.7% in July - Bowers doesn't expect revpar to stop falling until 2011 at the earliest. Butler believes it could be 2013 before the industry significantly rebounds...
...Hotels are highly sensitive to economic conditions, labor, cost of living and consumer confidence. So, when times are at the lowest like this, it's probably not the best time to go to the market and expect to get a huge payoff," says Mark Lunt, a principal in Ernst & Young's hospitality advisory practice. "It would appear that this is early in the cycle to have a hotel...
According to Casey, they expect the funds to continue to flow in over the next few months...
...leader welcomed President Obama's election. "Hopefully it signals the return to a model of cooperation that we consider very important," says Westerwelle. But Washington shouldn't expect too much love. Westerwelle is determined to avoid mission creep in Afghanistan. All but a handful of the 4,500 German troops are deployed in the north of the country, away from the fiercest fighting in the south. "We shouldn't risk our successful operations in the north by taking on duties in other areas," he says...
...been pulled over your eyes to blind you from the truth," the transcribed e-mail I received a minute later read, "The Matrix is the world that has been pulled over. Your is to blind you from the truth." I can live with that. I mean, what do you expect for free...