Hotel Cancellations Flow at Gulfside Hotels

St. Pete Beach
Tradewinds Resort
ST. PETERSBURG (2010-06-24) -

Bookings at coastal hotels in Pinellas County are down since the Deepwater Horizon accident, despite its distance from the affected closest beach. And some smaller businesses may be on the brink of closing.

"Here in St. Pete-Clearwater, America's best beaches are still America's best beaches. We're open - wide open..."

That advertisment hasn't done much to stop the flow of hotel cancellations. Tradewinds Resort Chief Operating Officer Keith Overton says they're averaging two to three cancellations a day. He says compared to the last three years...

"We're down about $1.7 million in revenues," he says. "We're 800 rooms, and if you factor into the fact that the county has 35,000 rooms, and you make the assumption that there's a similar loss ratio, that's a $70 million economic impact."

Overton says the Tradewinds has already made a claim with BP to cover damages. He doubles as chairman of the Florida Restaurant and Lodging Association, and says many restaurant owners and smaller shop owners are struggling so much they might have to close.

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