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Search results for “GDP”
Modest RevPAR increase in 2010 forecasted
06/23/2009
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6:39:35 PM
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While occupancy levels and average daily rates (ADR) in the second half of 2009 are expected to remain below last year's levels, resulting in a 15.7 percent decrease in room revenue per available room (RevPAR) in 2009, PricewaterhouseCoopers expects that RevPAR will post modest growth in 2010.
Travel and tourism industry contracting in 2009
06/30/2009
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10:48:13 AM
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Sunday, 28th June 2009: The global downturn will lead the travel and tourism industry to shrink in 2009, Euromonitor reveals.
London hotels face massive slump
01/13/2009
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11:03:00 AM
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12 January, 2009: Hotels in London face a 23% drop in revenues per available room this year, a new study warns.
Oversupply and low demand to see RevPAR drop 15-20% in Hong Kong
12/24/2008
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11:41:00 AM
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Tuesday, December 23, 2008: In a new analysis of the Hong Kong hotel sector, an industry analyst has predicted that Hong Kong’s hotels and properties are set to see RevPAR drop between 15-20% of current rates.
Best Western Pearl River Haiphong, Vietnam Grand Opening 15 June 2008
06/04/2008
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10:14:00 AM
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Best Western is announcing the Grand Opening of its 4-star Best Western Pearl River Hotel Haiphong on June 15th, 2008: a nine storey state-of-art hotel building featuring 101 elegantly appointed guest rooms, meeting, conference and banquet facilities for up to 600 guests, and the most spacious Wellness & Fitness Spa in the area.
A year full of promise for China's hotels
03/24/2008
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9:19:00 AM
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Mar 21, 08: With a strong economy, massive inward investment, a newly-mobile middle class and one of the biggest fixtures in world of sport just months away, China's influence on world tourism is going to become more and more significant.
InterContinental opens first of five hotels for Vietnam
02/25/2008
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9:24:00 AM
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Friday, 22 February 2008: Perched on the edge of a fabled city lake, the InterContinental Hanoi Westlake officially opens its doors March 6 as the UK-based hotel group's first property in Vietnam.
Airline industry profitability in China will be under considerable pressure this year
02/11/2008
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7:50:00 PM
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Published: 08 Feb 2008:None of China's airlines, with the exception of Air China, are expected to make profits on international routes this year.
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