The Boston Globe, March 3rd, 1989
The bloom is off the rose for the Boston hotel business. The city's leading hoteliers are complaining that regular business travel is down, a victim of the fading Massachusetts Miracle, and that group and convention sales are extremely soft. "We've got good bookings for 1989 and 1990, but there's a lot of uncertainty after that," say the general manager of one large downtown hostelry, which likes to plan its business three or four years in advance. What's the problem? Hotel experts say that high prices -- Boston rivals New York in room rates -- are a contributing factor, along with heavy mark...
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