-2008 has proven to be the precursor of a new world order that seems to be emerging from the ongoing financial turmoil.
-The year started with hotel sector performance holding up, it continued with more subdued growth rates and finished with storm clouds gathering apace.
-During the last quarter, the European hotel industry experienced growing signs of weakening trading performance, due to a downsizing in business travel and customer spending. Serious operational cost cutting and deferment of refurbishment plans also started in earnest
Read more:
http://ehotelier.com/downloads/pdf/european_hotel_valuation_index_2009.pdf
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