The loss of over 90 bedrooms at the Mount Murray Hotel in Thursday's blaze is a big problem for accomodation on the Island.
That's the belief of Chief Minister Allan Bell.
Mr Bell says as it seems a re-build could take over a year, it's going to leave a big hole in the sector in the interim.
Clip 1
Manx Care hopeful new offer will be accepted amid looming industrial action
BMA members considering updated pay offer from health body
Island-based Strix factory to close
Ramsey operations to transfer to China plant
'Massive chef shortage' on the Island
Eateries closing on several days due to lack of staff
Bride Commissioners organise drop in session about NCAS funding
Board member Ivan Burton says current costs 'unfairly penalise residents in parish
Second candidate declares for Douglas East
Quids Inn owner Andrew Saunders to stand for election