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EMEA Hotel Pipeline To Slow To Trickle by 2013

LONDON-New hotel planning and development is strong in Europe, the Middle East and Africa during the next two years, but expected growth then dwindles for the EMEA region.

By Robert Carr | Updated on September 09, 2010

LONDON-The hotel construction pipeline for the Europe, Middle East and Africa region has decreased for the eighth quarter in a row, according to Portsmouth, NH-based Lodging Econometrics. Though 1,307 projects are now planned or under construction, the number about to enter the region’s pipeline has slowed considerably, meaning a dearth of new hotels after 2013.

Pat Ford, president of the company, tells GlobeSt.com that there are a few different factors that have caused the slowdown of hotel development. The increased difficulty in financing is the number one factor, he says, in Europe because of the banking crisis and in the Middle East because the government sponsors have run out of cash to finance the huge projects in Dubai and Abu Dhabi.

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