Hotel Projects Will Resume

Work on new hotel projects previously postponed will probably resume as liquidity improves during the third and fourth quarter of this year.  The global financial crisis reduced developers funding supply causing the delay of numerous projects in Dubai and elsewhere. 

Executive Vice President at Jones Lang LaSalle Hotels said there will probably be an infusion of lending in the second half of 2009.  Jelal Malkour said “Investors are more inclined to wait until the summer is over before showing any strong interest.”  Lodging Econometrics Research estimate nine projects were cancelled in Dubai and six of these were in progress.  During the first quarter of 2009 the number of cancellations and postponements in the Middle East leveled off to 32 representing 8,178 rooms.

More Hotels
Jumeirah Beach Hotel, Dubai, will be closed for renovation in summer 2018
Hilton’s ‘bleisure’ travel option – a new way to work and play
Family friendly hotels most popular for long weekends
Latest Travel News
Emirates to launch services to Santiago ...
First floating drive-through debuts in D...
Qatar Airways launches direct flights to...
Featured Sights To See
Kensington Market

Kensington Market

Toronto, Canada

This vivacious district should not be missed. The market sells squid and crabs in pails; chickens, pigeons, bread, cheese, and mangoes from the West Indies; salted fish from Portugal, lace, fabrics, and everything you can think of. Kensinton Avenue is a gem of a place too with a wealth of vintage clothing stores, shops selling knickknacks and a delicious global cheese shop. Timings: Mon-Sat...

Singapore Butterfly Park and Insect Museum

Singapore Butterfly Park and Insect Museum

Singapore, Singapore

The place gives you an opportunity to interact with over 50 species of butterflies along with various species of insects belonging to different phyla. These insects include rhino beetles, Hercules beetles, mounted butterflies and scorpions.    Timings: Daily from 9am to 6:30 pm Admission fare: SGD 10 for adults and SGD 6 for children 33 Allanbrooke Road, Sentosa Singapore 099...

One-Pillar Pagoda

One-Pillar Pagoda

Hanoi, Vietnam

To the right of the Ho Chi Minh Museum, near Ba Dinh Square, is the unique One-Pillar Pagoda - also known as Lien Phai Pagoda, or the Pagoda of the Lotus Sect - a wooden structure built in 1049 that sits on stilts over a lake. The pagoda is a miniature reproduction of the original temple, which was said to represent a lotus emerging from the water. Prayers offered here are said to bring fertility ...

Bhimsen Tower (Dharahara)

Bhimsen Tower (Dharahara)

Kathmandu, Nepal

Tel: 4215616 Price: Rs 299 Opening Time: 8am-8pm A white tower in the old town, this place has views at 61.88m high – 213 steps above the city. There is also a Shiva shrine right at the very top.   ...