The designs presented in this volume offer a wide and varied vision of the latest trends in bar and restaurant design, selected from the most cutting-edge, wining-and-dining hotspots in the world. With ...
Projects drop 19 percent in Europe, 16 percent in the Middle East
Hotel development is expected to contract in Europe, the Middle East and Africa through 2011 as world economies battle back. Lodging Econometrics (LE) forecasts Europe’s 2009 pipeline will be down 19 percent over 2008, while the Middle East’s drops 16 percent year over year and Africa’s tightens by 6 percent.
Still, Europe will see nearly 230 new projects next year. In 2011, LE expects the flow to slow to a trickle. The 147 projects proposed represent a 36 percent decline from the peak of 2008. The Middle East is also bracing for “a marked decline” in new openings in 2011. That will give the market more time to absorb the 106 project slated for 2010 debuts. Next year could see as many as 56 hotels coming on line in Africa, but 2011 will likely experience a drop to about 44.
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