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28 January 2010

hotel.info Confidence barometer 2010: Most hotel operators cautiously optimistic

hotel.info Confidence barometer 2010: Most hotel operators cautiously optimistic

Crisis-hit 2009 is over. The hotel sector felt the full force of the global economic collapse. However, it seems the worst is behind us, and confidence is growing in all quarters that 2010 will be a better year.

With this in mind, hotel.info, the free online reservation service for more than 210,000 hotels worldwide, conducted a survey of the hotel sector entitled "Confidence Barometer 2010", to ask its partner hotels in Europe what expectations hotel operators had for the coming year.

Within just 12 hours, more than 2,000 hotels of all types responded with the following results:

Almost half of hotels (46.08%) are approaching the new year with cautious optimism, and, according to hotel.info, expect a moderate, albeit slow, recovery. Nevertheless, 24.44% are more optimistic in their outlook, and believe they will be doing significantly more business very soon and will be operating at higher capacity. In contrast, just 6% anticipate a rise in hotel rates this year. Only 16% of the hotels see no material improvement in 2010 compared with the fourth quarter of 2009, revealing a less optimistic viewpoint than their colleagues. Around 7% of hotel operators admitted to uncertainty and felt unable to provide an assessment.

Overall, however, the hotel.info sector survey revealed a comparable attitude across Europe. Only Spanish hotel operators, a country that has been particularly badly hit, have a more reserved view of the immediate future than their European counterparts. The percentage of hotels that expect a tangible recovery before long is lower here (15.28%). Indeed, a considerable majority (55.56%) even believe the recovery will be slower. Taking into account the number of hotel operators who believe in a recovery of any sort - be it slow or fast - Italian hoteliers seem to be most positive (76.59%) about the prospects for 2010. The comparable average figure for Europe as a whole is 70.52%.

TAGS
global economic collapse, cautious optimism, hotel operators, hotel sector, spanish hotel, hotel info, immediate future, hoteliers, reservation service, online reservation, barometer, fourth quarter, hotel rates, full force, counterparts, viewpoint, prospects, quarters, ne

CONTACT
Warini Munshi
Phone: +44-20-85452678
Fax: +44-20-85452604
Email: press@hotel.info

ORGANIZATION
Hospitality Nethotel.info hotel booking Ltd.
www.hotel.info
Longcroft House | 2-8 Victoria Avenue
London, EC2M 4NS
United Kingdom
Phone: +44-(0)20-3206 1430
Fax: +44-(0)20-8043 1108

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