Spending to improve occupancy explains WestCost Hospitality losses

07/29/2004 | American City Business Journals

Big spending on initiatives to boost occupancy explains why Spokane, Wa.-based WestCoast Hospitality saw a growing first-quarter net loss despite higher bookings, the company said. The $2.3 million loss largely was the result of investments in the future, such as boosted sales departments and added labor in most markets, said the company's chief financial officer.

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