http://www.hotelchatter.com/ Hotel Reviews, Hotel Ratings, Hotel Openings en-us Copyright 2008 - SFO Media 2012-02-14T19:07:04Z HotelChatter HotelChatter http://www.hotelchatter.com/images/hcwhite.jpg http://www.hotelchatter.com/tag/Hotel%20Recession http://www.hotelchatter.com/story/2008/12/10/1076/5730 <![CDATA[<p><img src="http://www.hotelchatter.com/files/1425/funny_pictures_sad_cat_blackandwhite.jpg" class="top"><p><i> The "I has a sad" kitty is now the unofficial image of the recession.</i><p>We knew the hospitality business would suffer greatly in this economy but news like this is always a bit shocking. <a href="http://www.hotelchatter.com/tag/wyndham%20hotels"><b>Wyndham Hotels</b></a> has announced that it will be undergoing a major restructuring in its timeshare division at the expense of 4,000 jobs. <a href="http://www.businessweek.com/ap/financialnews/D94USDU81.htm">BusinessWeek</a> reports:<blockquote><p>Wyndham said in a statement that it is scaling back the scope of its timeshare business as a way to cut its reliance on asset-backed securities. The company did not return a phone call seeking comment. The job cuts represent about 12 percent of the company's overall work force. The pullback will result in charges of up to $75 juliana 2008-12-10T11:58:23-05:00 http://www.hotelchatter.com/story/2008/7/31/155044/158 <![CDATA[<p><img src="http://www.hotelchatter.com/files/admin/funny_pictures_sad_cat_blackandwhite.jpg" class="imgborder"> <p>Did you hear? Everything sucks! Gas prices are high! The economy is not doing so well! And really, really scary stuff is <a href="http://www.jaunted.com/story/2008/7/31/141452/064/travel/Staycation+Travel%3A+The+Ultimate+Bus+Horror+Story">happening</a> on Greyhound buses. <p>Things ain't good, folks, and the New York Times assures us today that the hotel industry isn't going to get out of all this suckiness unscathed. <p>In <a href="http://www.nytimes.com/2008/07/31/business/31hotel.html?pagewanted=1&amp;ei=5087&amp;em&amp;en=90628ef356f193e7&amp;ex=1217649600">"Terrible Timing for a Hotel Boom,"</a> the Times gently points out that it's kind of ironic (in the sad "rain on your wedding day" way that Alanis sings about -- so more like <i>unfortunate</i>) that the hotel industry saw high occupancy rates over the last few years but now, in the year so many hotel chains have chosen to expand at a Jenna 2008-07-31T17:00:02-05:00 Search HotelChatter string http://www.hotelchatter.com/search/