Hotel market to catch its breath after growth spurt
6th October 2009
MANCHESTER will not see any major hotel investment for at least three years because it has reached "tipping point" in terms of supply and demand.This is the view of Stephen Miles, general manager of the city's five-star Radisson Edwardian Hotel and chairman of the Manchester Hoteliers' Association.He said the financial crisis had merely crystallised an "inevitable" position after heavy investment in the city in recent years."In Manchester city centre we have gone from 5,000 rooms to 7,000 rooms very rapidly and we're now at tippin......for the full story register now for free or login below...
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