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Economic Slowdown Survey
I believe the rebound in some parts of the globe will take place especially in the Middle East after Ramadan and the USA in November - say Stephen J. Renard - The Middle East market will start to heat up and solicit much of the world’s hospitality talent to come there, as the delayed projects like Dubai’s Asia Asia (5000 rooms) will return to life……… that is what they all tell me. Inshallah! The USA market even now has taken a positive turn… a VP of IHG told me recently some of his hotels are even now running at 80% levels, albeit at low room rates; but the return to higher occupancies is a positive sign in itself. +++++ www.renardinternational.com ++++++