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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Yellow weather warning for coastal overtopping
Strong winds are expected overnight
Plans approved for 'The Wing'
New billboard to be introduced at Ronaldsway Airport
Police appeal for video footage after 'significant' blaze
Site now deemed 'structurally unsafe'
Douglas to receive new lifeboat
Port St Mary is to lose one of its lifeboats in the next two years