Plume provides boost to Europe’s recovering hotels
European hotels, still recovering from last year’s recession, may get a temporary boost from the plume of volcanic ash spreading across Europe.
“It’s tremendous good news for the main players involved,” said Guillaume Rascoussier, an analyst at Oddo & Cie in Paris. He cited Whitbread, Accor and Rezidor Hotel Group as the main beneficiaries.
Ash from the eruption of Iceland’s Eyjafjallajökull volcano drifted southeast, shutting airports across the continent over the weekend. As many as 6 million passengers may be affected if the closures continue, according to the Centre for Asia Pacific Aviation. While that means many can’t get to their destinations, some are finding themselves stuck and in need of accommodation. Read more…




