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European luxury hotel rates up, but not at U.S. counterparts' pace.

Publication: Business Travel News
Publication Date: 31-OCT-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
At the deluxe tip of the European market, hotels have continued to prosper, but there are varying opinions over whether their success has been tempered by some companies intensifying their downgrading policies in 2005 in spite of the general economic upturn. European hotels in 2005 generally have seen steady rate growth, rather than the spectacular acceleration of gateway cities in the United States or the rampant inflation of the Middle East. However, this probably reflects the fact that Europe did not suffer the steep rate declines as did hotels in the United States earlier in the decade.

Paul Reynolds, vice president for sales and marketing at Maybourne Hotel Group, is one of those who...

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