Calculated Risk: See-through Hotels

With record low occupancy rates (lowest since the Great Depression), it isn’t surprising that some hotels are just closing down … From the Daily Herald: Arlington Heights Sheraton, Coco Key water park to close (ht Doug) …

Calculated Risk: Forecasts: Unhappy Holidays for Restaurants and …

And from Joe Sharkey at the NY Times: For the Hotel Industry, Recovery is a Long Way Off. Bjorn Hanson, a clinical associate professor at the Tisch Center, said that average domestic hotel occupancy this year would be about 55 percent. …