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China, India leading Asian hotel performance growth.

Publication: Business Travel News
Publication Date: 20-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The outlook for the Asian hospitality industry remains positive for 2006 as a surge in arrivals and domestic travel has driven up occupancy rates and prices in hotels. With business and conference traffic increasing, negotiated rates have been blown out of windows, and hotels in major cities no longer follow seasonal patterns, being full year-round.

Ernst & Young LLP's latest global activity report on hospitality industry trends forecasts strong operating performance growth worldwide, with China and India leading the pack.

"We are seeing major international hotel companies push ahead in emerging markets, such as China, India and Eastern Europe, with new development...

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