AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.

In business.

Gulf Construction

| November 01, 2010 | COPYRIGHT 2008 Al Bawaba (Middle East) Ltd. (Hide copyright information)Copyright

The Gulfs hospitality sector seems to be shrugging off the effects of the economic downturn with 283 properties and well over 80,000 rooms to be added to the regions tally

THE Middle East hospitality sector has jostled its way through the recession to remain reasonably busy this year, with the construction of several new hotel chains suggesting that although the region suffered some unavoidable delays and cancellations of projects, it has emerged less impacted than many other areas on the globe

Gulf Business echoes this view. Despite taking some undeniable hits, the Gulfs hospitality sector is in relatively good form, with this years pipeline of new hotel rooms confirmed as being the second largest on record, according to the magazines annual survey of the sector published in June

A total of 48 new hotels with 14,178 rooms are expected to be opened by the end of this year at an estimated cost of $7.3 billion, according to a study conducted by Dubai-based research company Proleads early this year. Of this total, most of them will be located in the UAE (worth $4.4 billion) followed by Saudi Arabia ($1.2 billion), Qatar ($620 million), Bahrain ($490 million), Oman ($300 million) and Kuwait ($90 million), it says. New hotels that are planned or under construction will add significantly to the room tally for the region. According to the August 2010 STR Global Construction Pipeline Report, a total of 449 hotels totalling 123,631 rooms are in the Middle East/Africa hotel development pipeline

Among the countries in the region the UAE has the largest number of rooms 53,833 rooms in the total active pipeline and 27,970 rooms in the construction phase. Saudi Arabia followed the UAE with 16,464 rooms in the …

Related articles from newspapers, magazines, journals, and more
Comfort zones: after a long day, a detour to the spa instead of your hotel...
Magazine article from: Business Traveller Middle East Renuka, Methil November 1, 2007 700+ words
Turkey: Minister says Middle East on "dark journey", no room for optimism.
Newspaper article from: BBC Monitoring International Reports December 13, 2001 700+ words
Book a room online at any Starwood property in the Middle East or Africa and...
Magazine article from: Business Traveller Middle East January 1, 2005 700+ words
The 249-room Holiday Inn Express Manama, expected to open in the third...
Magazine article from: Business Traveller Middle East March 1, 2009 700+ words
Women only: for the jet-setting female executive, it's the details that...
Magazine article from: Business Traveller Middle East Renuka, Methil July 1, 2008 700+ words
©2013 Gale, a part of Cengage Learning. All rights reserved. Contact us | Privacy policy | Terms and conditions

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily