Chicago Hotels Expected To Lose $2 Billion In Revenue By Year’s End, Report Says – CBS2 (Chicago)

“Hotels will recover. It’s just a matter of when,” said Michael Jacobson, President and Chief Executive Officer of the Illinois Hotel & Lodging Association. “I think today’s report shows you that with Chicago’s reliance on business travel, it’s going to take us much longer than hotels in many other cities.”
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The Paraclete
4 years ago

Hmmmmm..Why would anyone come to Chicago? Why not conduct business where it’s nice and safe? Resilience? How about a miracle! Most of the big players are exploring alternatives to the dirty and dangerous Chicago.Lori started a perpetual coal seam fire. Everybody knows the city is nearly dead, so the lockstep blowhards are predicting a resurrection of the vibrant city of the last century.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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