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.
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Isle of Man Government welcomes Middle East ceasefire
Israel and Lebanon have agreed a three-week pause in fighting
Police warn school leavers underage drinking has 'serious consequences'
Year 11s set to go on study leave over the next week
Gas supplier provides reassurance amid ongoing global market volatility
Isle of Man Energy expects any price rise in June to be 'modest'
Farmers in race against time after freight backlog in Heysham
Concern for crops and animals after delays to feed and fertiliser deliveries
Further changes to sailing schedule due to tidal restrictions
Manxman crossings affected over next three days
