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Doesn t come back with the idea that, we re going to raise taxes on 750,000 small businesses, as he has been talking about. i think if he can work on our side of the ledger, i think we maybe can work together. reporter: it sounds like a compromise, may be worked out in washington, with neither side eager to tell americans in this economy, their paychecks are sliced because their taxes are going up next year. gregg? gregg: julie kirtz in washington, thank. julie: the recession hit many hotels hard, business, leisure and convention travel cutbacks meaning fewer rooms being sold and a massive makeover is helping holiday inn buck the trend. phil keating has the story. reporter: for every traveller making a new reservation at a holiday inn. we have gotten rid of the floral bed expressed and replaced with clean, white triple sheeting. reporter: she predicts a knew spencer with better hours an baths and contemporary signs and ....
It with clean white triple sheeting. an entire new experience. the brand had begun to lose its way back in the 1970s we were in the hay days. in the decades since, holiday inn had often become less of a holiday and more of a no frills night on the road. so holiday inn launched a 1 billion-dollar worldwide upgrade and image makeover despite a recession, creating declutterred lobbies, nicer showers and bathrooms and dreamier bedding. revenue has increased at all of the properties they have done. they have been able to increase their share of the market in many of these locations. in an industry competing for where you rest your head, improving quality works. we know that smart brands invest in tough times and those brands who have invested in those tough times have actually been able to perform. in this year s third quarter which ended in september, intracontinental hotel group reports its profits up 54% over the same period of last year. ....
Jon: the holiday inn hotel chain is trying to stay relevant in these tough economic times, now it is relaunching itself, the makeover, pat of what s working on the road to recovery. phil keating is live in miami. phil. reporter: hi jon. the past three years for the hotel industry across the nation has been really, really rough, and the american hotel and lodging association points back to 07 crash of lehman brothers, and in that time, leisure travel dried up, especially the convention travelers, but in that time, holiday inn spent a lot of money on a massive makeover and today, it seems to be paying off. thank you for calling holiday inn. i m stephen. may i help you. for every traveler making a new conservation reservation at a holiday inn. we ve gotten rid of the bed spreads and replaced it with triple sheeting. ....