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Lodging Econometrics: Middle East hotel report
June 10, 2008 (USA) – According to its newly released Construction Pipeline Report for the Middle East, Lodging Econometrics (LE), the Global Authority for Hotel Real Estate, shows the Total Construction Pipeline at a record high 527 projects with 155,989 guestrooms at the end of Q1 2008. There has been a tremendous surge in the Development Pipeline, particularly in Dubai, Abu Dhabi, Saudi Arabia, Oman, and Qatar. World-class, master planned communities – luxurious beachfront resorts and residential developments, business and financial centers, modern new airports, and tax-free business and industrial zones – are providing once-in-a-lifetime opportunities for developers, investors, global lodging brands, architectural and design firms, and vendors/suppliers to the industry.
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