Feb 25 2009
2009 Doesn’t Look Pretty for Hotel Industry
Hoteliers around the world are expecting major declines in business performance in 2009 across brands, accoring to the Horwath HTL Global Hotel Market Sentiment Survey.
“The results are not unexpected and generally there are little differences across regions, however, the survey does highlight a few differences,” said Mr Damian Little, Director for Horwath HTL based in Asia.
“However, I do think it sets up a good base of results for us to now compare the improvement in market outlook in the subsequent surveys we will be conducting.”
Not surprisingly, the global economic downturn is ranked as the #1 effect influencing the market.
