In 33 years as the proprietor of the Trade Winds Inn in Craigville Beach, Mass, on Cape Cod, Alan Isenstadt has never seen a travel season like this one. This time of year, the Massachusetts summer playground should be hopping. Instead, hotels have been slashing rates by up to 20%. Restaurants are pushing two-for-one specials. And in late July, Isenstadt spotted a sign advertising a vacation home in nearby Hyannis for the last two weeks of August. Normally, such places are gone by early spring, he says, adding: "I've never seen a sign like that."
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