Glut of rooms, hotels fuel hotel defaults

Like many homeowners, hotels are starting to drown in debt. They have been enticing travelers all year with sweet deals: credits for in-house spas and restaurants, as much as 50 percent off five-star rooms, even free nights. But all that discounting hasn’t…

Hotel - Restaurant - Travel and Tourism - Lodging - Accommodation

View original post here:
Glut of rooms, hotels fuel hotel defaults