U.S. Hotels to Bottom Out in 2009

ATLANTA, Sept. 24 /PRNewswire/—A new study released today by PKF Hospitality Research (PKF-HR) reveals that demand for U.S. hotel rooms will contract for the next two years.  Compounding the negative impact of declining demand is a projected concurrent increase in supply.  PKF-HR is forecasting a combined net increase in 2008… [Read More]

Number of luxury hotels increase 16% - Hotel project boom in Dubai

Hamburg/Germany – September 18, 2008 - The opening of the Atlantis resort in Dubai ( 1,529 rooms ) end of September marks the completion of only one hotel project of nearly 100 in the United Arab Emirates. Within the next five years, approximately 42,000 rooms will be added to the… [Read More]

PKF Study Finds U.S. Hotels Extremely Vulnerable to Sharp Declines in Airline Capacity

ATLANTA, July 9 2008 - According to the latest analytical data from PKF Hospitality Research (PKF-HR), U.S. hotels could face a decline in lodging demand greater than that experienced during the turmoil following the terrorist attacks on September 11, 2001. Under a worst-case scenario, a 1 percent decline in the… [Read More]

New Study of CHD Expert Group: Focus on Main Investments in German Hospitality Industry

Two out of ten hotels plan renovation of guest rooms – Strong modernization continues in foodservice industry 1 May 2008 - Hamburg/Germany, In Germany, the focus of guest’s attention on clean and well designed hotel rooms and trendy restaurants push the investments in renovation and modernization. According to a new… [Read More]

Snapshot of hotel markets: U.S. still strongest expanding

Tophotelprojects.com provides project details of major new first-class and luxury hotels worldwide – 286 new hotel projects added – 584 hotel projects updated Hamburg/Germany, April 21, 2008 Where are the fastest growing hotel markets? Tophotelprojects.com is the leading data provider for first class and luxury hotel projects being developed in… [Read More]