The year 2012 started on a positive note for the hotel & lodging industry, with lodging performance indicators witnessing considerable improvement in most regions of the world. However, global economic and political issues like sovereign debt, currency fluctuation and sustained economic instability in various countries will likely take their toll on lodging companies in the second half of 2012. Notwithstanding the hurdles expected in the second half of 2012, the lodging sector is expected to continue its recovery trail this year. International travel and tourism volumes are anticipated to increase on the back of the rapidly growing BRIC economies. Furthermore, mega events in Europe and South America scheduled from 2012 through 2016 will boost tourism. As owners and operators strive to enhance value and competitiveness, industry-best practices like sustainability and
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