Worldwide hotel transaction volumes are expected to rise by 30-40% in 2011, reaching $28bn-$30bn, according to Jones Lang LaSalle’s Hotel Investment Outlook.
According to the report, global hotel investment volumes recovered strongly in 2010 after reaching a decade low in 2009.
In the Middle East and Africa region, the hospitality market is polarising with some early positive signs emerging in countries such as Morocco, Saudi Arabia, Qatar and the UAE.
According to an STR Global outlook, Abu Dhabi is expected to add 14,000 new hotel rooms while Dubai will introduce 20,000 rooms.
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