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Casasur Art Hotel

In a nutshell – it already has. The huge run-up in oil prices in 2008 already has affected tourism in the U.S. Because of the weak dollar, it hasn’t affected foreign travel so much, which had helped hotels to keep prices fairly level and at high rates. But in the last few weeks, chains like Starwood resorts started a $25 Gas Back promotion (with restrictions) and lowered prices for certain locations and certain days of the week and Marriott reported lower earnings. This was like a shot across the bow for many hotels and some prices began to ease Read the rest of this entry »