Too Many Rooms at the Inn: How Hospitality Companies Can Thrive in Hard Times | Deloitte Podcast

The combination of a housing crisis, credit crunch and high commodity prices are leaving fewer discretionary dollars for travel. Businesses are slashing their travel budgets, and more cash-starved Americans are reluctantly settling for “staycations” — foregoing excursions to Paris and Mount Rushmore in favor of backyard barbeques. Hospitality companies are going to have to make some fundamental changes if they want to adjust in this new...