Steady growth in Europe hotels raises hopes in industry

11/29/2012 |

The mood at the recent European Hotel Investment Conference in London was cautiously optimistic as a number of hotel executives reported steady improvements in performance. "It's probably much better than we all thought it would be. Revenue growth has been positive, and the growth comes from emerging markets," said Wolfgang Neumann, chief operating officer and executive vice president of the Rezidor Hotel Group.

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