Hotel Industry To Lose $8M A Day In Shutdown, Group Says

Law360, New York (October 1, 2013, 6:50 PM EDT) -- The federal government shutdown will cost the nation's recovering hospitality industry more than $8 million a day and possibility turn back the dial on recent gains in the sector, the American Hotel & Lodging Association said Tuesday.

The U.S. hotel sector is expected to be hard hit by tourist magnet national parks and federal historic sites being shuttered and countries, such as Germany and the U.K., issuing travel advisories warning its people of issues in the wake of the appropriations standstill. Finally surging back after the recession,...
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