The European Hotel Industry: Where Are the Risks Lodged

Topics:
Lodging
Tags:
Business Operations,
Management,
Industry,
Hotel,
Homeland Security,
Government,
Fitch,
Corporate Insurance,
Business Security,
Strategy
Source:
Fitch

Vendor Registration: required

Overview: From all quarters of the hotel industry, signs of a recovery are emerging after one of the most severe slumps in recent history. International travel plummeted under the combined offensive of a general economic slowdown, multiple terrorist attacks, SARS and the wars against Afghanistan and Iraq. Consequently hotel occupancy dropped to its lowest level in the past 30 years. However, with the exception of 'Le Meridien', no major hotel group has defaulted: delinquency rates on outstanding loans in the US remained low with a peak at 5.5% in 1Q2002 against 16% in 1991 and 1992 according to the report.

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Format: PDF | Size: 209KB | Date: Apr 2004 | Pages: 15

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