It is likely that the hospitality sector will withstand any economic slowdown that could happen in 2008, accounting firm PricewaterhouseCoopers (PwC) has said.
A report by the company has discovered that if the UK does suffer an economic slump, hoteliers will be well placed to deal with it and this could have good implications for recruitment in the industry.
Partner and UK leader of hospitality and leisure at PwC Robert Milburn commented that hoteliers should stand firm in the face of economic slowdown.
"This is a time for hotels to hold their nerve. While the industry will feel the pinch from the latest economic situation, it is coming from a good position with some excellent products in the market," he remarked.
Hotels should see reasonable growth for the next two years, Mr Milburn added, although he warned that the economy is "very fragile" at the moment.
London hotels will see an increase in revenue per available room (revpar), he noted, following a recent announcement from consultancy PKF that the capital saw a revpar increase of 3.7 per cent in January.
Digg 
Delicious 
Reddit 
StumbleUpon 
Google 
Technorati 
Netvouz