The volume of global hotel sales plummeted in the first six months of this year, declining 76% on the bumper period a year ago. Yet $13.9bn (just under EUR 9bn worth) of hotel properties were traded in the first half of this year despite the continuing credit crunch, according to a new report from Jones Lang LaSalle Hotels. The Americas was the worst-performing region (-81%) but accounted for EUR 3.8bn in transactions. Hotel sales in Asia Pacific finished down -67% and EMEA came in at -59%.'
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