So much for the hotel boom.
The AP is reporting that shares of hospitality companies are tanking amid a gloomy outlook for travel in 2009.
Starwood shares dropped $3.39, or 11.2 percent, to $26.88 in afternoon trading, after touching a 5-year low of $25.95 earlier in the session. Morgans Hotel shares lost $1.61, or 12.9 percent, to $10.83.
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