Starwood slashes prices

July 30, 2009 1:27:24 PM PDT
A major hotel and resort group has slashed its prices.Starwood Hotels and Resorts are offering as much as 50 percent off on some room reservations. Starwood owns several hotel chains, including Sheraton and "W" Hotels.

The deep discounts are an attempt to lure travelers during this recession. The discounts are good for hotel bookings through October 12.

Overall, U.S. hotel occupancy through June was down 11 percent over the same time last year.