The $109 billion lodging industry is facing a  triple  squeeze play-- weakening demand, higher operating costs and more supply coming on-line.

Partly because of the deteriorating economy, more companies than usual are participating in the annual blizzard of holiday promotions, but skeptics still warn about advertising overkill and the risks of marginal or tacky campaigns.

U.S. hotel heiress Paris Hilton's potential inheritance dramatically diminished after her grandfather Barron Hilton announced plans on Wednesday to donate 97 percent of his $2.3 billion fortune to charity.