While promising signs are emerging in the hotel development market in the GCC, the fallout from the downturn is still having an impact over the sector, according to John Podaras, Director of TRI Hospitality Consulting. Citing data from companies that operate hotels in the region, Podaras told delegates at the Arabian Hotel Investment Conference today that 13% of all hotel projects in the GCC are on hold, while 6% have been cancelled.