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
Corinthia Hotel London launches new luxury suites
Accra Marriott Hotel, Ghana, becomes first Marriott in West Africa
Jumeirah Beach Hotel, Dubai, will be closed for renovation in summer 2018
Latest Travel News
Emirates now offers two flights a day to...
Corinthia Hotel London launches new luxu...
Emirates Palace Hotel Abu Dhabi launches...
Featured Sights To See
Empress Market

Empress Market

Karachi, Pakistan

Another majestic building from the British era. This market was constructed on a demolished execution site. It is another fine example of British/Gothic architecture. It was built in 1890, to mark the silver jubilee of the reign of Queen Victoria.The building itself contains four identical galleries, a large central atrium, and a 140-ft high elegant clock tower (whose clock no longer functions).As...

Miraj Islamic Art Center

Miraj Islamic Art Center

Dubai, United Arab Emirates

The Miraj Islamic Art Center is a showcase for the various art forms in the Muslim world.  This is more of a gallery than a museum – items are displayed like in a museum, but just about everything is for sale.  Items include silverware, metalwork, calligraphy, carpets, and jewelry.  Many objects are from outside the Middle East, especially India.  This is a good place to shop for art, though price...

Royal Gardens/ Amalienburg/Badenburg/Pagodenburg

Royal Gardens/ Amalienburg/Badenburg/Pagodenburg

Munich, Germany

The Palace Park covers an area of about 180 hectares. It was originally a Baroque garden which was transformed in the early 1800’s into a landscape garden. There are extensive grounds with lakes, streams and the famous pavillions, Amalienburg (a roccoco hunting lodge), Pagodenburg (which was used for the most exclusive parties thrown by the court), Badenburg (a small bathing palace) and Magda...

National Museum

National Museum

Maldives, Maldives

One of the most exciting tourist attractions in the Maldives is the National Museum. It was opened for the general public on November 19 1952 (1st Rabeeul Awwal), which is also the Maldives National Day. It was inaugurated by the Prime Minister at that time, Ameer Mohamed Amin Didi. The museum was set up to preserve the history of Maldives and  large collection of historical objects are on exhibit...