Kerzner International Hotel Occupancy Down but Profits Unchanged

Moroccan project to be profitable in first year
guardian.co.uk - UK
EL JADIDA, Morocco, March 18 (Reuters) - Bahamas-based Kerzner International has seen a drop in occupancy at its hotels but is still making profits despite the global economic crisis, the company's founder, Sol Kerzner, said.

The proportion of its hotel rooms filled has fallen to between 67 percent and 68 percent, from about 80 percent, but the company has not cut room rates, Kerzner said. ...