Michael Issenberg, Accor’s Asia-Pacific chairman, said the company expects revenue per available room or revpar, a widely watched industry metric, in China to drop by 20-30% this year, mostly as a result of large new supply coming onto the fast-growing market. But he said the situation should stabilize in 2010.
The word "challenging" is not one you use when you are pretty certain it is all going to be OK. China is one of Accor’s most important markets in Asia, home to 24 of its 54 new hotels opening in the region this year.
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