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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