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Prices in Sharm-el-Sheikh have begun to fall once again for many visitors and the tourism situation remains uncertain.Thailand has become a very popular holiday destination worldwide but the anti-government protests that began in October 2013 began to impact visitor numbers towards the end of the year, particularly in Bangkok.
This means we have now seen four years of solid progress since hotel prices nose-dived during the financial collapse of 2008.It incorporates both chain and independent hotels, as well as options such as self-catering and bed & breakfast properties.The HPI was started in 2004 at 100 and includes all bookings across all star ratings from one-star to five-star.The region’s HPI fell 2% and Asia continues to offer some of the world’s best value hotel accommodation.The overall strong travel industry growth in 2013 and its healthy future outlook was dampened by bad news emanating from a few key tourism markets.
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In December, Ireland became the first country to exit the Eurozone bailout programme, in January this year the UK announced yet another fall in its unemployment levels and, that same month, the Bundesbank said it expected the growth in the German economy, Europe’s largest, to accelerate yet further in the first quarter.