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Global hotel markets to feel pressure in 2009

09 March 09 - RE+D Magazine
Global hotel markets to feel pressure in 2009

COMPANIES

Solum Property Solutions

Consultant - GREECE

PEOPLE

Global hotel markets are expected to continue to feel pressure from contracting economies and reduced leisure and business travel across much of the world in 2009. However, despite declines across most major regions of the world in 2008, operating performance in the global hotel industry remained profitable as hoteliers focused on controlling costs and preserving the bottom line, according to a report released by Ernst & Young.

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