Dla Piper News

Tough times for the hotel industry

9 March 2009 Press Release Hotel News

A survey of 143 UK hotel executives has revealed a worse-than-expected outlook for the European hospitality industry with 95 percent of respondents predicting hotel chain bankruptcies in the next twelve months. A quarter of hotel executives interviewed in the DLA Piper 2009 Europe Hospitality Outlook Report anticipate that more than ten chains will go into administration in the next year.