Strategic Hotels Chief Says Corporate Cutbacks to Trim Bookings | bloomberg.com
Strategic Hotels & Resorts Inc., owner of the Four Seasons in Washington, will probably see a decline in luxury bookings through this year as companies cut travel to avoid public reproach, Chief Executive Officer Laurence Geller said. Criticism of corporate spending “had a tremendous effect on us for probably three immediate months with a lingering effect of six more months,” Geller said in an interview. “It was almost as if something turned the spigot off.”
