August 24, 2009
QuickLinks: Same Day And Story, Two Rather Different Takes
∙ Hotel losses mount, hurting city's coffers [SFGate]
∙ Hotels stay booked amid recession [Examiner]
First Published: August 24, 2009 9:00 AM
Comments from "Plugged In" Readers
Yep, interesting spin on the same story and numbers.
#1 (Sfgate) = It's bad!
#2 (Examiner) = It could be worse!
Posted by: Rillion at August 24, 2009 9:38 AM
So we've changed from the "ownership society" to the "profitless society", where the only way to stay in business is to mark everything down to zero profit.
The hotels with an "image" that prohibits them from marking down their rooms for fear of damaging the brand are losing insane amounts of business. The other hotels with less of an image to protect are essentially marking rooms down to their variable costs, ensuring a return of zero.
Posted by: tipster at August 24, 2009 9:51 AM
"So we've changed from the "ownership society" to the "profitless society", where the only way to stay in business is to mark everything down to zero profit."
Yeah, but we'll make it up on volume.
Posted by: anon at August 24, 2009 12:56 PM
Yeah, but we'll make it up on volume.
And everyone has a share (of the Syndicate)
Posted by: gumby at August 24, 2009 1:09 PM
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