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Hotel industry to continue struggle in 2009: EY report

03/03/2009| 3:14:00 PM| 中文

Monday, March 02, 2009: A report by Ernst & Young has forecasted continued struggle for the global hotel markets, as contracting economies and falling travel demand continue to pressure the hospitality industry.

Monday, March 02, 2009: A report by Ernst & Young has forecasted continued struggle for the global hotel markets, as contracting economies and falling travel demand continue to pressure the hospitality industry.

Last year still allowed the hotel industry to remain profitable, in spite of the major declines, as hoteliers lifted their operating performance by focusing on cost control.

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TAGS: hotel analysis
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