Skip to main content

Optimism Returning to the Global Hotel Industry

Optimism about hotel development, financing and property values prevailed among the 2,000 delegates from 73 countries who attended the 17 annual International Hotel Investment Forum (IHIF)
which took place last week at the InterContinental Berlin. The positive tone was reflected in presentations by 200 speakers during the three-day event. There was consensus that property values are increasing, banks are more willing to lend at sensible loan-to-value ratios and substantial growth in the Asia Pacific region will continue to dominate the development agenda.
Kerry Gumas, President & CEO of Questex Media Group, the conference’s producer, summed up the mood among Berlin attendees – from economists to global CEOs and at panel discussions and networking sessions – as “confidence returning to the sector.”
Source: http://www.hotelnewsresource.com/article76908.html

Popular posts from this blog

The World’s Biggest Hotel With 10,000 Rooms To Open In Saudi Arabia

Saudi Arabia is all set to built the world’s biggest hotel by 2017. Abraj Kudai hotel is planned to be located at the Manafia area in Makkah’s central zone, only 2.2 km south of the Holy Haram in Makkah, Kingdom of Saudi Arabia

NEWS | Grand Hyatt Mumbai is pleased to announce the appointment of Shubham Chandra as Hotel Manager

EXCLUSIVE INTERVIEW | Manish Dayya, Area General Manager – Accor Hotel’s – Lavasa Hotels & Convention Centre