Tuesday, September 8, 2009

Copenhagen: One in three hotels on brink of bankruptcy

Experts predict that hotels, hit hard by the recession, will suffer longer than other industries
A double whammy of recession and excess capacity has up to a third of the city’s hotels in danger of going under in the coming years, reports Berlingske Tidende newspaper.
In addition, half of the 422 hotels reviewed by credit analysis firm Soliditet for the newspaper posted a loss in their last fiscal year.

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