leisure travel

The Continent's carriers have been hit by volcanic ash, currency woes, the debt crisis and falling consumer confidence. U.S. airlines have avoided much of that storminess.

What's keeping hotel chains up at night? Falling room rates, of course. Across North America, revenue per available room fell 19.3 percent in the first six months of the year, as rates and occupancy both tumbled, according to a new report from consultancy Deloitte Touche Tohmatsu. But a hotelier's...