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€250 million of hotel assets changed hands during 2013
The economic crisis had a significant impact on hotel performance and hoteliers posted a steep decline in performance during 2008 and 2009. However, improvements were registered between 2010 and 2013 with Revenue-Per-Available Room (RevPAR) recording an average yearly growth rate of 4.1% to approximately €50 in 2013. This growth however,…
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