PropertyEU

Global hotel markets to feel pressure in 2009, says E&Y

By A staff reporter 2009-03-05T00:00:00

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 ...

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