Overseas property news - Budget hotel revolution predicted for middle east

Budget hotel revolution predicted for middle east

A leading property consultancy has said that the Middle East could undergo a budget hotel revolution, as the Arabian Travel Market (May 2-5) gets underway in Abu Dhabi.

According to reports from ArabianBusiness.com, analysis from Jones Lang Lasalle predicts that rapid growth of low-cost hotels could be set to shake up the tourism market, in a region already scrambling to cater for increased demand.

The Saudi cities of Medina and Makkah, which have seen several luxury hotel openings recently and already cater to millions of religious pilgrims each year, are expected to become low-cost hubs.

"I see huge potential [for budget hotels] especially in places like the holy cities in Saudi Arabia; phenomenal potential," the website quoted Jones Lang Lasalle's Thierry Loué as saying.

Source: The Independent

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