Opinion: Upheaval in Egypt offers a lesson for hoteliers

07/10/2013 | HotelNewsNow.com

The effects of the ongoing political unrest in Egypt on the local lodging and tourism industry should serve as a reminder for hotel operators and investors that business can take a turn for the worse at any moment because of events beyond their control, writes Ed Watkins, editor-at-large of HotelNewsNow.com. "In a world of increasing political instability, the risk factors of the unknown will undoubtedly play a larger role in the underwriting of hotel deals. Risk shouldn't create paralysis, but it should be a consideration in future hotel financing and budgeting functions," Watkins writes.

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