“A condition of war of everyone against everyone…” | By Allen Toman

2009 is going to be a year of challenges without easy fixes, writes Allen Toman, Como-based consultant with Reality Advisors, and the Hobbesian quote he selected aptly describes the unpleasantness ahead, as hotels must come to terms with a number of negative factors that can each have an impact on the health of their business. Here he looks in detail at the implications for real estate, finance and hotel operators. Grim reading. As this is written, the world stock markets continue to shed value as the probability of a serious global recession increases. The European nations have discovered their financial institutions and systems are not immune from the meltdown – and, to their great dismay, that their own banks were both active participants in the practices, and suppliers of the products that resulted in a global capital market crisis.

About The Hotel Yearbook: The Hotel Yearbook is a uniquely forward-looking annual publication. Each year, dozens of CEOs and other senior executives from the hotel industry worldwide, as well as leading analysts and observers, use this platform to share their expectations for the coming twelve months. Each of the 70+ contributors looks specifically at his or her area of expertise, describing the likely developments for the year ahead. As a whole, The Hotel Yearbook thus offers readers a comprehensive overview of the trends and factors that will have an impact on the performance of the hotel business in the year to come – as perceived by the industry’s leaders themselves. For more information visit www.hotel-yearbook.com.

“A condition of war of everyone against everyone…” | By Allen Toman 2009 is going to be a year of challenges without easy fixes, writes Allen Toman, Como-based consultant with Reality Advisors, and the Hobbesian quote he selected aptly describes the unpleasantness ah... Adobe PDF Document (Download Acrobat Reader) File Size: 1833 Kb - Friday, 06 February 2009