Hotel industry outlook for 2010: buyer spend

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ICD research have published a report that gives a detailed insight into the state of the hotel industry against the backdrop of the global recession.

From a survey of 125 respondents, 67% of hotels expect to reduce their purchasing of products and services over the next 12 months, providing cause for conern for industry suppliers.

However with many hotels seeking to re-evaluate their supplier contracts, the amount of the market open to competition is expected to increase.

ESI references

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