Hotel transaction volume to hold steady
Despite the continuing economic uncertainty, Jones Lang LaSalle Hotels forecasts that global hotel transaction volume will hold steady in 2012 to again reach upwards of US$30bn in deals, according to initial results from the firm's 'Hotel Investment Outlook 2012' report.
The UK hotel sector grew by 10 per cent in 2010 and was five per cent up in the first three months of this year compared with the January-March 2010 period, the analysis by American Express revealed.