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Keeping Franchise Peace In Tough Times

Published Wednesday, February 03, 2010

While the national economic outlook has seemingly begun to improve, the ongoing effects of the extended recessionary cycle continue to make an impact that is rippling through the hospitality industry. With a spike in loan defaults and continued rise in foreclosures, the hospitality industry is now at the forefront of this national crisis. More than 12 percent of U.S. hotels are currently in default, and ominous predictions from industry analysts indicate that figure may even double by the end of the year. While many owners have taken extraordinary measures to avoid foreclosure by cutting costs, ...

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