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Follow on Google News | Tophotelprojects.com®: 7% Growth Of Leading Hotel Projects WorldwideNumber of luxury hotels increase 16% - Hotel project boom in Dubai
By: CHD Expert Germany „The increasing number of first class and luxury hotel construction projects is a result of the phenomenal growth of tourism worldwide. For several years we monitor more and more new large hotel projects in nearly all important business and leisure destinations,” The number of luxury hotels increases by 16 percent as the number of first class hotels will only rise by 4 percent. In North America and the Caribbean as well as in the Asia/Pacific region, the number of top hotels will grow by 13 percent. In Europe the number of upscale hotels will increase only by 4 percent as the market saturation is more advanced. In Germany, Austria and Switzerland more than 400 new first class and luxury hotels will be opened. At present in the German-speaking region 378 luxury hotels and 5,631 first class hotels are in business. In the Middle East the strong growth of the tourism industry is the main reason for real estate investors to fund new hotels and resorts. The number of luxury hotels will increase by 42 percent, the number of first class hotels will rise by ten percent. About tophotelprojects.com®: About CHD Expert Group: The CHD Expert Group (CHD) has for the last ten years helped the hospitality industry collect, manage and analyze business data in the Away-from-Home market. CHD Expert Group is recognized as a global leader in this field. CHD Expert has the largest database (over four million records) relating to the European and North American markets. For the rapidly growing global Away-from-Home Market, CHD Expert has become an essential business tool. # # # About tophotelprojects.com®: About CHD Expert Group: The CHD Expert Group (CHD) has for the last ten years helped the hospitality industry collect, manage and analyze business data in the Away-from-Home market. CHD Expert Group is recognized as a global leader in this field. CHD Expert has the largest database (over four million records) relating to the European and North American markets. For the rapidly growing global Away-from-Home Market, CHD Expert has become an essential business tool. End
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