Business braces for a triple threat

Business people around the world are now bracing themselves for tougher times in the wake of the triple-headed downturn – in Europe, China and the US.

In such times forward bookings in major international hotels are an advanced indicator of business activity. They have fallen sharply in Australia and it looks like a world trend.

Unless there is a surprise change in the outlook more labour shedding is ahead in hospitality.

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