European average daily hotel rates and revenue per available room for the first nine months of the year dropped 19.2 percent and 12.3 percent, respectively, compared with 2008, according to a report released by Deloitte late last week, but the report also indicated "the worst may be over" for European hotels.
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Deloitte Tracks Fall In Hotel Rates, But Sees RevPAR Reversal Ahead
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