Tourism Industry News
Hotels around the world are raising their game for 2010
The hospitality industry has suffered during the recession. In 2009, hotels at the top end of the scale slashed their rates in a scramble to keep doors open and beds filled; ownerships changed; new projects stalled and opening dates were deferred - then deferred again.
Independent auditor PricewaterhouseCoopers has forecast that the decline will slow down, but while room rates may start to level out, they are expected to remain comparatively low. Coupled with a healthy crop of new hotels around the globe this year, things look set to favour the traveller again in 2010.
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