Register | Forgot password?
Switch to Arabic
Thursday, December 3 - 2009

GCC hotel projects worth $140bn

  • Middle East: Sunday, May 24 - 2009 at 14:09

A new report has found that GCC countries are currently building 306 new hotels, with 108,600 rooms, worth in excess of $140bn. The study, by the Proleads research house, finds says 2009 will be a challenging year for the hotel industry in the region, but it projects that occupancy levels will pick up to 2008 levels by the end of 2010 and then accelerate with real growth by 2013.

Also consider reading:

Disclaimer:

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.