Development Landscape Up For Debate?

摘要

Alot of supply growth remains on the books: Through the first half of 2008 Lodging Econometrics' total global construction pipeline stood at a record high of 10,781 projects and 1.8 million rooms, a 28% year-over-year increase. But even at the time of that announcement, a falloff from the record numbers was beginning to occur as the credit crisis and economic slowdown hampered developers. For projects already in the pipeline, postponements and cancellations are on the rise throughout the world, LE reports, most likely due to lack of financing. New project announcements are slowing hold or aborted 75% of our pipeline," says Homi Vazifdar, managing director of Canyor Equity LLC.