The 130-bedroom property is set in the Olaya district, a fast-growing financial and hospitality hub in the country. It will be developed by converting an existing office building, over a period of twelve months. “There is a limited supply of quality SHANGHAI, China - The 2nd HOTELEX Chengdu Exhibition (HOTELEX), organized by UBM China Ltd, and undertook by the Shanghai UBM Sinoexpo International Exhibition Co., Ltd and Sichuan Province Hotel Supplies Industry Association, will be held from 5 th - 7 th Bill Blackham, President and CEO of Supertel Hospitality, speaks in the video below about new supply and assets coming to the marketplace for sale, changing guest expectations across different segments, and financing for new development. Bill spoke with Kenya’s hotel supply is set to increase by more than 1,500 rooms this year, owing to increased investment and a build up branded hotels, reports Kenya's Standard Digital. Eight hotels are currently under construction within Nairobi andset to be completed But a boutique hotel at a fair price is in shorter supply. Enter Praktik, a Spanish minichain, whose locations around the city and in Madrid offer affordable lodging, with style and, sometimes, a gimmick or two. Among the latest is the 74-room Praktik Dubai's hospitality sector showed strong supply and demand growth in May, according to STR Global’s preliminary data, but revenues continued on their downward trend during 2015. Declines in tourists from Russia and tougher competition from the likes of .
A cleaning lady pushes around a cart of supplies along a third-floor walkaway Of the approximately 20 vehicles parked at the hotel, all but five have New Jersey license plates. The others are from all across the East Coast save Ohio. Demand for hotel rooms in Dubai outpaced supply after months of lagging behind, thanks to a number of Mice events taking place in the emirate last month. According to STR Global’s data for the month of May, hotel room demand increased 8 per cent while The region's current announced pipeline of economy and midscale hotels represents less than 20% of the overall branded hotel supply, and is below international averages covering similar size real estate. The opportunity to build budget accommodation is a hospitality, healthcare and institutional facilities. To get a free copy of the research report on HD Supply Holdings (HDS), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com Receive News & Ratings .
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