Investors consider converting luxury projects into budget hotels
Published by Irhal
April 5- Several investors in the UAE who are involved in luxury hotel projects are planning to convert them into budget hotels, it was learnt on Sunday. In fact, many analysts expect that the mid-segment hotel market will grow in the coming months since it is a virtually untapped market. "Only about 20 per cent of the total hotels in the region are budget, so there is a huge growth opportunity," said Arnaud…
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