Market Report, "Travel Accommodation in Belgium", Published
Travel accommodation registered only marginal growth in current value sales in 2012. Weak global economies forced travel accommodation operators to lower average room rates as consumers remained cautious about their spending. Meanwhile, companies provided employees with lower travel budgets. For some types of accommodation, such as chained hotels, lower room rates had a positive effect on occupancy rates and revenue per available room. However, independent hotels saw stable occupancy rates;...
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