PropertyEU

European hotel executives beset by bankruptcy fears - DLA Piper

By A staff reporter 2009-03-17T00:00:00

A survey of 261 European hotel executives has revealed a worse-than-expected outlook for the hospitality industry with 79% of respondents predicting hotel chain bankruptcies in the next 12 months. Four in 10 hotel executives anticipate that more than five chains will go into administration in the next year.

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