|By Marketwire .||
|September 25, 2012 08:15 AM EDT||
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In-line with the volatile global economy, the lodging industry remains somewhat mixed. Europe continues to be a concern as the recession in the area has led to a slowdown in both business and leisure travel. Recently, released figures forecast a 2.2 percent decline in overall business travel across the major European markets. Spain is expected to report a 7.8 percent drop while Germany is predicted to give the region a boost, gaining 1.6 percent. Get your free reports on Starwood Hotels & Resorts Worldwide Inc. and Wyndham Worldwide Corporation at http://www.ShinesRooms.com/index.php?_controller=RegisterMember&_method=index. There is no commitment to join.
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August results from the top 25 U.S. markets were a significant improvement over a modest July as the average daily rate rose by 4.3 percent. Revenue per available room increased 7.2 percent and occupancy increased 2.8 percent. There has also been some acquisition activity in the area recently. Wyndham Worldwide Corporation lately announced its purchase of Shell Vacations LLC and its subsidiaries for $102 million cash; although, the company also takes on $153 million of Shell's debt. Wyndham Worldwide Corporation report is accessible for free by registering today at
Asia continues to be something of a bright spot for the lodging industry and Starwood Hotels and Resorts Worldwide Inc. seems to be solidifying its presence in the region. Starwood recently announced the opening of Sheraton Macao Hotel, Cotai Central, the largest hotel to open worldwide this year. The company has also recently expanded in Singapore. Starwood Hotels & Resorts Worldwide Inc. report is accessible for free by registering today at
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Michael Thomas Smith