Economists maintain positive outlook for hotel industry

03/5/2013 | Hotel Management online

A panel of economists during a session at this week's International Hotel Investment Forum in Berlin forecast steady improvement for the hotel industry despite continued economic uncertainty in several markets worldwide. "I can forecast that the future will be very difficult and it will be tough to navigate the waters ahead, but luck plays a dominant role and I think we're lucky to be in the travel and tourism industry. This is an industry that will benefit from the mass effect of so many [middle-class] travelers coming abroad," said Thierry Malleret, managing partner of the Monthly Barometer.

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