Only 39% of Gulf hotel projects are on schedule

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Only 39 percent of new hotel projects in the Gulf that were in the pipeline six months ago are still on target to open on schedule, new research revealed on Wednesday.

Another 33 percent of plans have been delayed by more than six months, 13 percent are on hold and another 15 percent of new hotel plans have been scrapped.

Despite this, there are still an estimated 86,000 confirmed hotel rooms in the supply pipeline for the GCC to 2011, according to research by TRI Hospitality Consulting.

The company said its study had highlighted significant changes to the underlying data in the past six months, indicating the impact of wider economic global slowdown.

The research completed this month indicates that only 39 percent of hotel keys in the pipeline six months ago are still on target to open on schedule or with a slight delay.

Emma Davey, associate director, TRI Hospitality Consulting, said: "The future hotel supply situation will continue to change as developers watch the performance of local and global economies.

"It is expected that several projects, particularly those not yet under construction, and due to open from 2011 will be subject to further delays or be cancelled. The main pressure on new developments is availability of project financing."

TRI Hospitality Consulting is a global management consultancy, specialising in the fields of hotels, tourism, leisure and real estate.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
How Dubai is helping Ireland's economic push

How Dubai is helping Ireland's economic push

Tourism is now Ireland’s second-largest industry, and is playing...

Over half of suppliers asked for bribes by hotel managers - survey

Over half of suppliers asked for bribes by hotel managers - survey

Nearly three quarters of suppliers said they know of other firms...

The new RNB stars

The new RNB stars

How Jason Myers, Gert Kopera and Christian Gradnitzer plan to...

Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew