The Hotel Times - September 2008 - (Page 6)

IN THE NEWS Global sales down so far in ’08 Growth expectations still high for Moscow J ones Lang LaSalle Hotels reported $13.9 billion worth of hotels traded globally in the ﬁrst half of 2008. This is a 76-percent decline from the ﬁrst half of 2007. The Americas recorded the highest drop (-81 percent) followed by Asia Paciﬁc (-67 percent) and Europe, the Middle East and Asia (-59 percent). Jones Lang LaSalle Hotels’ global CEO, Arthur de Haast, said the company remains “cautiously optimistic about the future of hotel investments over the medium term,” and that the $13.9 billion represents a level comparable to transaction volume in the ﬁrst half of 2004, which came in at $14 billion [See chart below]. Further, JLLS Hotels reported hotel investor sentiment in the EMEA region is cautious. According to the company’s “Hotel Investor Sentiment Survey,” earlier turbulence this year in the financial markets led to a period of declining returns from hotel real estate in the EMEA region. The UK provincial market is the most affected, but historically strong performers London, Madrid and Barcelona are unlikely to escape a downturn. Trading growth expectations still remain high for Moscow, Istanbul, Dubai, Munich, Berlin and Rome, the study reported. Global hotel transaction volumes Events Russia and CIS Hotel Investment Conference Dates: Oct. 21-22 Venue: Ritz-Carlton, Moscow Hosts: Questex Media Group, The Bench For more information: www.russia-cisconference.com 140 120 100 80 60 40 20 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 H1 H2 The Hotel Investment Forum India Dates: Jan. 14-15, 2009 Venue: Taj Palace Hotel, Delhi, India Host: Burba Hotel Network For more information: www.hiﬁ-india.com Source: Jones Lang LaSalle Hotels 6 The Hotel Times September 2008 www.TheHotelTimes.com http://www.russia-cisconference.com http://www.hifi-india.com http://www.TheHotelTimes.com

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The Hotel Times - September 2008 Business Outlook Editorial Outlook Contents In The News Transactional Facts Hurry Up and Wait Capital Outlook Development Outlook Brokerage Outlook International Litigation: Who gets sued? Insurance Outlook Economic Crisis: Stress or Opportunity for Franchisees? Franchise Outlook Ad/Edit Index In Closing

The Hotel Times - September 2008

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