Business slumps as recession hits
By Cathy Hayes, IrishCentral.com Staff Writer
Though the band has made a mint from the latest 360 tours, the hotel owned by Bono and The Edge in the heart of Dublin has not been faring too well.
The Clarence Hotel in the fashionable Temple Bar area has been undergoing tough times as the recession hits the travel and tourism business in Dublin
Losses before tax for 2008 are up 50 percent from â‚¬1m to â‚¬1.64m and revenue dropped to â‚¬3.3m from â‚¬5.2m.