According to a recent article in the Wall Street Journal, hotel sales is expected to be up 52% over last year globally, as reported in the Hotel Investor Sentiment Survey from Jones Lang LaSalle Hotels. In the first six months of 2007 global hotel transactions is already at $56 billion, compared to the $72.5 billion in the full year of 2006.
I hope the industry doesn't get complacent about business and allow service to lack. Almost sounds like history repeating.
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