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Deloitte: Europe, Middle East with Best Hotel Performance
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Major cities in Europe and the Middle East lead global hotel performance, taking seven spots each in the world's top 20 revenue per available room rankings, revealed a report produced annually by Deloitte.
According to Deloitte, the global tourism industry saw a significant slowdown in most world regions in 2008, particularly in the final quarter, as the economic meltdown trickled through and impacted leisure and business travellers.
Despite this slowdown, many cities across the world achieved strong hotel performance. Six cities secured places on all three top 20 ranking tables (occupancy, average room rate and revPAR) including New York, Abu Dhabi, London, Dubai, Paris, and Tel Aviv.
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