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Budget woes boost demand for 'cheap' boutique hotelsBLOOMBERG The world's largest hotel companies, stung by the industry's biggest declines since the Great Depression, are trying to do for lodging what Ikea did for furniture: Offer fashionable products at low prices. Starwood Hotels & Resorts Worldwide Inc., the third-biggest U.S. lodging company, is developing boutique hotels for frugal travelers that cost about $119 a night. That's a far cry ...
2009-12-13 - The Toledo Blade