London's hospitality sector is set to face slowdown in 2013 as higher supply is expected to lower the occupancy rates.
A report from PricewaterhouseCoopers (PwC) said that the average price of a London hotel room would decline 2.7 percent in 2013 to £139.07 (€167.67, $224.46). However, at the price, London is still the fourth most expensive among the 19 major European cities in PwC's market study.
Nevertheless, PwC noted that the difficulties... (Continue Reading)
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