GCC hotel projects worth $140bn

24 May 2009

A new report has found that GCC countries are currently building 306 new hotels, with 108,600 rooms, worth in excess of $140bn. The study, by the Proleads research house, finds says 2009 will be a challenging year for the hotel industry in the region, but it projects that occupancy levels will pick up to 2008 levels by the end of 2010 and then accelerate with real growth by 2013.

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