How will 2011 play out for the hotel industry? According to ADAM SACKS, Managing Director of Tourism Economics (part of Oxford Economics), the worldwide economic fundamentals will improve next year, but growth will not be spectacular.

Solving a paradox

Recovery is upon us. However, I have noted two contradictory features of the recovery as we monitor the economic and travel outlook for the world. The first is that our view of economic prospects (in developed economies) is quite subdued compared with the extent of the downturn we have experienced. The second is that travel has rebounded more quickly than most forecasters would have expected.

How do we reconcile these two seemingly contradictory features of the recovery, and what do they mean for 2011?

James HOTEL Yearbook
Publisher
+41 21 784 3303
HYB

Related