Letter: The recession is hitting the Ritz


By on Mon, February 9, 2009

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


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.