Worldwide hotel transaction activity is showing green shoots of recovery, according to new figures released by of Jones Lang LaSalle Hotels. Following five consecutive quarters of sharp contraction, the second quarter of 2009 registered a 3 percent increase in activity.
Global hotel transactions during the first half of 2009 totalled $3.7 billion, representing a 78 percent downturn compared with the first half of 2008, according to the new report.
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http://www.breakingtravelnews.com/news/article/global-hotel-transactions-rebound/
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