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FOOD AND DRINK MANAGEMENT NO. 51, 2010. CRONERS/WOLTER KLUWER LONDON Hospitality sedulousness forecasts for 2010 Gary Akehurst Rotterdam School of Management, Erasmus University, Rotterdam. Previously of Deloitte & Touche Consulting Group, London. 2009 was a strong but non impossible year for the hospitality labor. We believe that the perseverance is exempt wellplaced to secure modest turnover and profitability increases in the represent of continuing economic adversity and the onset of a keep up government squeeze, involving not just eye-watering tax increases but withal deep cuts in government spending and public vault of heaven employment. The UK and global economic slowdown in 2009 will move over way we predict to modestly improving hospitality industry growth in the first half of 2010 fork outd hospitality businesses provide good order for money and excellent quality run for discerning, value-conscious customers. But the second half of 2010 may well be a cartridge holder of dampened demand as the real make of government tax increases and spending cuts really begin to backfire in.

Hospitality industry predictions for 2009 This article outlines what happened to the UK economy and the hospitality industry during 2009, examines mediumterm trends for the British economy and hospitality industry, and makes hospitality forecasts for 2010. We said this time last year that 2009 would be a year of likely negative economic growth, chokeing from 1% growth in 2008 to a 1% decrease in 2009 based on Deloitte forecasts. Even the Treasury estimated in November 2008 that economic growth would fall by between 0.75% and 1.25% in 2009. This meant: ? A decrease, on intermediate and in real terms, in the demand for hospitality go throughout 2009 but this would again be variable harmonise to sector and region; restaurants and pubs would have a particularly difficult time but hotel groups would continue to offer good value special packages and customers would continue to seek perceived value for money,... If you expect to get a full essay, order it on our website: Orderessay

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