61 Hotels Worth $8.8b to Open by 2010

DUBAI - The Gulf region is likely to have 61 new hotels worth $8.8 billion by 2010, a survey conducted by The Hotel Show revealed on Saturday.

Read more...

Published: Mon 16 Mar 2009, 12:41 AM

Last updated: Sun 5 Apr 2015, 9:43 PM

“These are challenging times for everyone but these latest figures show that hotel suppliers continue to have an expanding market in the Middle East,” said Maggie Moore, Director of The Hotel Show, which takes place at the Dubai International Exhibition and Convention Centre from May 24 to 26.

The vast bulk of the new developments are in the United Arab Emirates with 22 this year and a further 13 due for completionin 2010.

“With thousands of new hotel rooms coming on stream over the next two years, the hospitality industry will need to focus on standards and value for money for customers,” said Moore.

· business@khaleejtimes.com

Published: Mon 16 Mar 2009, 12:41 AM

Last updated: Sun 5 Apr 2015, 9:43 PM

Recommended for you