Christie+Co confident that volumes will rise in 2010
The annual ‘Market Intelligence 2009’ and ‘Business Outlook 2010’ reports by Christie+Co are superb opportunities for the care sector to evaluate its performance and that of closely related business sectors.
Having inspected almost 15,000 businesses during 2009, Christie’s Chairman David Rugg agreed that ‘2009 was a difficult year … a year that many were relieved to leave behind – but one that also provided a number of encouraging highlights.’ He added that transactional activity had finally ‘found its base level during 2009’ and that the economic pattern of this recession in transactional terms mirrored those in 1989 into the early 1990s. Although history does not necessarily repeat itself, he was ‘reasonably confident that transaction volume rises will occur in early 2010.’
The report showed that values in the hotel sector dropped by 19.5% during 2009 and by 34% from the hotel market’s peak in 2007. Pubs declined by 20% and 29% from 2007 peak levels and restaurants by 18% and 30% res