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Storm caused millions in lost sales, bookings, revenue [Yahoo! Finance]
Last marriott international - class a earnings: 2/26 04:30 pm
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Friday's storm conservatively added up to a weekend loss of at least $35 million to $40 million, according to the Hawaii Hotel Alliance. The true financial loss could skyrocket in the coming days as businesses across the state continued to mop up and dry out on Monday, said Jerry Gibson, president of the Hawaii Hotel Alliance. “All islands had a tough time, ” Gibson said. “What we found was a lot of cancellations.” The true financial cost will come from multiple segments of Hawaii's economy, including grocery stores across the state that lost power and had to throw out perishable food and send employees home, especially servers, bartenders, valets and others who did not earn their usual tips. The storm especially affected Oahu's North Shore, where some hotel guests had to be relocated to Waikiki, where several resorts also were flooded or lost power. There were reports that several Waikiki hotels, including the Sheraton Princess Kaiulani Waikiki Beach, had been flooded. Li
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