Hotels

Hotel Project Cancellations Slow

TRI Hospitality Consulting research shows that the number of hotel project cancellations or delays has substantially slowed over the past few months.  During the second quarter of 2009 only 2 per cent of confirmed planned hotel projects have been postponed or cancelled compared to 28 per cent between the third quarter of 2008 and first quarter of 2009. 

Over the last six months only 10 per cent of confirmed pipeline hotel have been delayed further since the opening dates were recorded in the first quarter of 2009.  Between Q3 2008 and Q1 2009 33 per cent were delayed. Projections for total room supply in the GCC have fallen to 24,000 keys by 2010 because of cancellations and delays.   Associate director of TRI cautioned that “the consolidation period for properties under development is not yet over as the fate of the properties on hold is largely undecided.”
 

More Hotels
Iconic Sheraton Cairo reopens after extensive renovation
Waldorf Astoria Ras Al Khaimah invites guests to savor international culinary delights
Eid brunch at Bahi Ajman Palace Hotel
Latest Travel News
Iconic Sheraton Cairo reopens after exte...
Qatar Airways launches direct flights to...
Emirates launches dedicated airport loun...
Featured Sights To See
Ocean Park

Ocean Park

Hong Kong, China

Ocean Park, Aberdeen, located in the South of this island is as popular as Disney Land. It is a marine park with amusement park rides and stunning views. The headland and lowland divided areas along the rocky coastline are connected by escalator and cable car. The Pandas in the lowland part of the park are a special attraction. The Dinosaur trail and the rides area for smaller children, the shows,...

Saint-Ouen Flea Market

Saint-Ouen Flea Market

Paris, France

Located 6.6km outside Paris, the commune of Saint-Ouen is home to the one of the world’s best flea markets.  In the nineteenth century, beggars would scavenge through people’s garbage to find things they could resell at the market.   They were eventually expelled from Paris and relegated to the outskirts, where they continued and expanded their trade.  In 1885, local authorities in Saint-Ouen ...

National Museum

National Museum

Phnom Penh, Cambodia

The National Museum of Cambodia is worth visiting! It features the statues of Hindu and Greek Gods, ancient tablets carved in Sanskrit and obsolete Khmer languages, and artifacts from primitive burial sites. National Museum’s most famous attraction is the statue of King Jayavarman VII in the courtyard. Photography isn’t allowed inside the museum however by paying a small amount you can capture sev...

Spanish Steps

Spanish Steps

Rome, Italy

The famous Spanish Steps, the longest and widest staircase in all Europe, are located in the most exclusive part of modern Rome next to Piazza di Spagna taking its name from the Spanish Embassy that used to stand there. On the right is Keats’ House, a monument containing memoirs of John Keats and other romantic poets of those times including Byron and Shelley. At the top of the steps is the Fren...