London Market Update | March 2009
To say the market has been extremely tough over the last few months would be a massive understatement. We can see the effects that the banking crisis is having, the wider implications of an economic slowdown in the UK and the knock on for our own industry. As clients you have been very supportive of us in the past, either when we were The Bench or HotelBenchmark and now as STR Global and we want to try and help as much as we can. We are sitting on a large amount of quality market information, and whereas you have the ability to pull a lot of data through our website, you probably haven’t had the time to. In all market conditions, whether growing or contracting, we need to look at the specific market segment because they all behave differently.