Global hotel-construction pipeline saw slowdown in third quarter

01/16/2009 | (free registration)

Most international markets saw hotel construction pipelines peak in either the first or second quarters of 2008, and all saw a quarter-over-quarter decline in the third quarter, when the total global construction pipeline decreased as much as 6% to 10,169 projects, according to this article. Factors contributing to the slowdown include the global economic slump, weaker operating performances and serious cutbacks in leisure and business travel, Hotels magazine reports.

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