The current and future impact of Asia’s economic downturn on the region’s hospitality industry

Abstract

Before the economic downturn, most analysts considered Asia as one of the most active regions in the world. Now, the sentiment has changed, and many people are beginning to worry about its future prospects. This paper first examines the impact of the Asian economic downturn on the hospitality and tourism industry. It then turns to review the region’s hospitality trends and environments. The information should be of interest to hotel operators, governments, and research institutions.