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Global slowdown hits hospitality industry

PUBLISHED ON: July 2, 2008 | Duration: 1 min, 10 sec

  
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Global gloom has hit the hospitality industry. Both business and leisure travel is down by 12 per cent and this is now showing up in fewer hotel bookings. "There is a drop in occupancy rates by 10 per cent across multiple cities," said Sushil Gupta, MD-West, Asian Hotels.
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