Editor
Labor shortages, rising expenses and poor performance in the financial markets led to a money-losing year many in the industry would like to forget.
“When you look back at 2022, for a sizable portion for the sector, it’s going to go down again as really one of, if not the worst, operating income years ever,” said Kevin Holloran, senior director at Fitch Ratings. “Some people got better as the year went on … but not…
