Fairmont Hotels & Resorts Inc., the owners of the Southampton and Hamilton Princesses, is to lower its earnings projections following the attack on the United States.

The company said that the tourism and hotel industry as a whole would be affected by the tragedy and would release new estimated revenues in the coming days.

The company expresses regret at the tragic events in the United States and said the company's hotels were doing everything possible to accommodate delayed or rerouted travellers and to ensure the safety and comfort of its guests.

But it said: "In these circumstances, it is uncertain how the travel and lodging industry will be affected.

"Fairmont Hotels & Resorts anticipates reduced travel that will impact the earnings performance of the industry as a whole.

"Fairmont Hotels & Resorts does not expect to be affected more severely than the industry. Notwithstanding, Fairmont believes it is prudent to modify its current earnings guidance and will provide revised estimates as soon as possible."

It said that it may take several weeks before the full impact of this week's events can be assessed. Fairmont said it believes that its strong financial position and the high quality of its assets will help to ensure that there will be no significant adverse long-term effect on the company's financial performance as a result of the tragic events in the US. Fairmont is one of North America's leading owner/operators of luxury hotels and resorts with a portfolio of 77 luxury and first class properties with more than 30,000 rooms in Canada, the United States, Mexico, Bermuda and Barbados.