Letter: The recession is hitting the Ritz

In the article, in the business section of today’s New York Times, HMB has been hit once again.

http://www.nytimes.com/2009/02/09/business/09junket.html?_r=1&ref=business

Vivian A. Deuschi, a spokeswoman for Ritz Carlton, a luxury hotel chain, said these cutbacks "have had a terrible effect on hotels, and luxury hotels have been very vulnerable."...The Ritz Carlton, in Half moon Bay, Calif., has received cancellations from 32 groups in the last four months, a loss of $2.3 million in revenue, she said.