from Hotels newsfeed (11/3):
Credit crunch 'taking its toll on Middle East hotel industry'
Gulf News (United Arab Emirates), November 2, 2008 Sunday
"Dubai: The hotel sector in the Middle East expects to be hit significantly by the international financial turmoil, as it is more susceptible to and dependent on elements outside the region.
While some hotel chains have yet to feel a direct impact, others have contingency plans in place." ...
for the complete story
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