from today's STR's Bench and Global Hospitality enews (3/17):
Hotel Investment Sector Is Soaring But Still Room For Growth, Say Experts
Region’s hotel sector to grow by 7.1% per annum; Projects worth $3.63 trillion earmarked for 2020; 80,000 rooms, 100,000 more employees in Dubai alone by 2010
"Dubai | The region’s tourism growth potential is far from realised, according to Jonathan Worsley, conference co-organiser, Arabian Hotel Investment Conference (AHIC).
“Although the Middle East is pegged to be the fastest-growing region by 2020, with estimated growth of 7.1 per cent per annum, 69 million tourists arrivals1 and almost US$4 trillion in tourism investments announced, there is more to come,” he predicted." ...
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