{"id":1543,"date":"2009-03-21T01:02:06","date_gmt":"2009-03-20T23:02:06","guid":{"rendered":"http:\/\/www.whalecottage.com\/blog\/?p=1543"},"modified":"2009-03-21T01:02:06","modified_gmt":"2009-03-20T23:02:06","slug":"credit-crunch-hits-hotels","status":"publish","type":"post","link":"https:\/\/www.chrisvonulmenstein.com\/blog\/accommodation\/credit-crunch-hits-hotels\/","title":{"rendered":"Credit crunch hits hotels"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.whalecottage.com\/blog\/wp-content\/uploads\/2009\/03\/horwathtoplogo.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-1548\" title=\"horwathtoplogo\" src=\"https:\/\/i0.wp.com\/www.whalecottage.com\/blog\/wp-content\/uploads\/2009\/03\/horwathtoplogo-150x50.jpg?resize=150%2C50\" alt=\"\" width=\"150\" height=\"50\" data-recalc-dims=\"1\" \/><\/a>The global credit crunch will hurt hotels across the globe, with hospitality consulting group Horwath HTL predicting an average\u00a0decline in occupancy and room rates by\u00a05 %, resulting in a 10 % decline in revenue per available room (RevPAR).<\/p>\n<p>An\u00a0international survey conducted by Horwath HTL has shown that South American hoteliers are least pessimistic about the effect of the credit crunch on their performance.\u00a0\u00a0 However, hotels in the USA, Canada, and in\u00a0Asia specifically, are most pessimistic about their performance for 2009.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global credit crunch will hurt hotels across the globe, with hospitality consulting group Horwath HTL predicting an average\u00a0decline in occupancy and room rates by\u00a05 %, resulting in a 10 % decline in revenue per available room (RevPAR). An\u00a0international survey conducted by Horwath HTL has shown that South American hoteliers are least pessimistic about the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[7,22],"tags":[32367,348,1004,32375,27,591,1003],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"The global credit crunch will hurt hotels across the globe, with hospitality consulting group Horwath HTL predicting an average decline in occupancy and room rates by 5 %, resulting in a 10 % decline in revenue per available room (RevPAR). 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