HVS Asia Hotel Valuation Index 2009

2008 has been a tale of two fortunes for the tourism and hospitality industries in Asia. Although the subprime crisis began in 2007, the effect of the fallout was only felt in Asia in the second half of 2008. According to the United Nations World Tourism Organisation, the Asia Pacific region’s annual tourism performance growth declined the most in 2008 as compared to the other regions of the world like the Americas, the Middle East, Europe and...