As far as we're concerned, this was a tragic but isolated incident, and our normal terms and conditions apply for cancellations or changes. I believe that's pretty well the case across the industry.
Quotes about cancellations (15 Quotes)
Every phone call I get, whether booking a night or for the season, every single phone call wants to know if there's red tide. We've had a lot of cancellations. A lot of people are reluctant to give deposits.
This is, I think, like 32 winters for me and I've never seen this. We've had a few cancellations already. People have been following the weather and they know it's problematic so it's not good for us at all.
We're waiting for cancellations and that kind of thing, and we're doing everything in our power to make this work.
There are an increasing number of cancellations in Manhattan that we believe are related to the lack of terrorism coverage, ... We're very concerned about this situation.
The retail slowdown has continued in the first half of 1998 and has resulted in higher retail cancellations and returns, ... We believe that in the current environment many retailers are being more conservative in their future purchases, leaving more open-to-buy dollars available for at-once business. This situation, in combination with the unusually low at-once business in last year's second half, creates the potential for our performance to be better than our backlog trend indicates.
You can expect this to go much wider than just the Atlantic Seaboard. You will start to see delays as far west as Los Angeles, California, as we go later into the day, as cancellations become more frequent.
The key reason the market is losing momentum is a major decline in housing affordability measures as prices continue to move up aggressively in many, many markets around the country. There are reasons for the builders to be doing things to bolster demand, hold buyers in and limit cancellations, and I think that's what's going on out there.
As GAO states in its letter, OMB did not advise agencies to withhold funds and OMB staff specifically instruct agencies not to improperly withhold funding in the case of cancellations.
In the 512 years we've been presenting shows, we've really only had four or five changes and two cancellations up until this season. Unfortunately, we know you're only as good as you are right now.
We haven't seen any cancellations because of the gas situation, ... Business is booming.
My view is these guys are out there, they have got some good weather, they have seen some cancellations. They want to get these things in and closed, try to get them into the hands of people as soon as they possibly can.
On top of all this, bird flu is like rubbing salt into the wounds. There have not been cancellations but there is a slowdown in bookings.
We plan to continue to grow, so in the long run these are probably delays more than cancellations.
The whole region is likely to be hit by tourist cancellations, undermining growth to some degree in Q4 (the October-December period).