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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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