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Hotel sector remains strong

Series: Christie & Co Press Release ; 8 February 2002, (2)Publication details: 2002Subject(s): Summary: The hotel market remains steady in terms of supply and demand with hotel values rising 5.1% in 2001, according to Christie & Co. The property agents report that the US terrorist attacks have created a two-tier hotel market with corporate operators hit by the fall in tourists and business travellers while the independent sector is pushed by a buoyant residential property market.

The hotel market remains steady in terms of supply and demand with hotel values rising 5.1% in 2001, according to Christie & Co. The property agents report that the US terrorist attacks have created a two-tier hotel market with corporate operators hit by the fall in tourists and business travellers while the independent sector is pushed by a buoyant residential property market.