The writing is on the wall. The year 2009 is not going to be a banner year for the hotel business. The global financial crisis is not going to be cured overnight, and both business and leisure travel from Boston to Buenos Aires and Barcelona to Bangalore is going to suffer. Contigency plans are being implemented, jobs are being cut and development projects are being delayed. Now is really the best time to complete that renovation project-if you can get the cash.
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