Hotels face $200m losses – DEATH OF ANSETT – THE FALLOUT: [1 Edition]
Stapleton, John. The Australian [Canberra, A.C.T] 24 Sep 2001: 10.
Show highlighting
Abstract
In a statement released yesterday, Australian Hotels Association head Richard Mulcahy said the global travel crisis sparked by theterrorist attacks in the US, combined with the collapse of Ansett, had cost the hotel industry about $15million in the first week alone.
Full Text
TOURISM SLUMP
AUSTRALIAN hotels could lose more than $200million in revenue by the end of the year.
In a statement released yesterday, Australian Hotels Association head Richard Mulcahy said the global travel crisis sparked by theterrorist attacks in the US, combined with the collapse of Ansett, had cost the hotel industry about $15million in the first week alone.
“With massive cancellations coming from inbound tour groups and the rate of forward bookings taking a huge downturn, we expectthe impact of this crisis to be felt to the end of this year and well beyond,” Mr Mulcahy said.
“On current rates, nearly $1.2million room nights in hotels around Australia will be lost due to this crisis by the end of the year.
“There will be an unquestionable impact on jobs. Many hotels are already scaling back the number of shifts worked.”