It’s time again for the International Hotel Investment Forum. Just one year ago, the headlines from this conference were: “’Confidently gloomy’ at IHIF” and “Despite downturn, companies eye global reach.”
And it seems as though similar sentiment will reign again. There is uplifting talk of development leading into IHIF, but financing, performance and euro zone woes linger.
Deloitte reports today that based on data from STR Global, European hotel demand has experienced an upturn since October 2009, before pushing into positive territory in December 2009—up 4.2 percent. Results for January 2010 also show a 3.3-percent increase in the region against January 2009. Deloitte cautioned against a robust rebound, however. Read the rest of this entry »
