Grim outlook for the hospitality industry. Only 2% execs see a sustained recovery

Only 2% of executives in the European hospitality industry see a sustained recovery in the year ahead, according to a DLA Piper survey.55% of the respondents expect a full recovery in room rates in 2012 to pre-financial levels.The majority of respondents said the hospitality sector would offer increased opportunities for joint ventures in 2010. The DLA Piper 2010 European Hospitality Outlook Report – launched at the International Hotel Investment Forum earlier this week – revealed ...

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