Hotel hoodoo
McConnell, T
Hotel hoodoo - 2001 - Property Week 66(50) 14 December 2001, 42-43(2) .
Reports on the hotel sector and the uncertain future faced by the sector following the foot and mouth crisis and the terrorist attacks on 11 September 2001. Hotel values and occupancies have dropped drastically, especially for upmarket London hotels: regional hotels have begun to recover as people stay in Britain rather than go abroad. Owners are faced with either selling up or sitting tight in the hope of a recovery while investors expect a price reduction.
HOTEL MARKET
INVESTMENT MARKET
RECESSION
Hotel hoodoo - 2001 - Property Week 66(50) 14 December 2001, 42-43(2) .
Reports on the hotel sector and the uncertain future faced by the sector following the foot and mouth crisis and the terrorist attacks on 11 September 2001. Hotel values and occupancies have dropped drastically, especially for upmarket London hotels: regional hotels have begun to recover as people stay in Britain rather than go abroad. Owners are faced with either selling up or sitting tight in the hope of a recovery while investors expect a price reduction.
HOTEL MARKET
INVESTMENT MARKET
RECESSION