Hotels Predict Revenue Lost to Storm Can't Be Recouped | wsj.com
Many hoteliers predict that revenue and bookings swept away by the multiday Hurricane Sandy can't be recouped. Hotel owners with numerous properties in the storm's path reported that cancellations from travelers so far are outpacing new bookings from stranded guests and recovery workers. Hoteliers also expect that little of the revenue lost from canceled conferences can be reclaimed through insurance claims.
