Hotels adjust strategies in response to credit crunch

10/2/2008 | GlobeSt.com

Hoteliers speaking at the Lodging Conference this week described how they are modifying their firms' strategies in response to the economic climate. Ted Darnall, chief operating officer of HEI Hotels & Resorts, said that with financing for hotel renovations extremely hard to come by, his firm is focusing only on upgrades that will bring in customers.

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