An entire industry fails

Frankfurt/M. The recent furore on the international finance markets was impossible to miss: The real estate crisis in the USA has pulled some European and German banks down with it, much to the surprise of some experts. The consequence: Central banks responded with cash injections of a total of 270 billion Euros to secure the normal functioning of the money markets. According to the European Central Bank, with this, the storms of recent days have blown over. All the same, the questions remain: What happened? What were the causes? And what ramifications will it have for the currently heavily real estate focused developments in the hotel industry? Hotel expert Martina Fidlschuster, Managing Director of Hotour Consulting in Frankfurt, sheds light on a difficult subject, exclusively for hospitalityInside.com.