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Hotel meet reinforces Mid East growth

Hotel Booking With the biggest turnout yet, the Arabian Hotel Investment Conference is kicking off, highlighting the scale of development and interest in the Middle East's hospitality sector.

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Travel Agency Over 800 delegates and 120 industry leaders from 46 nationalities met at the second Arabian Hotel Investment Conference in the Madinat Jumeirah hotel in Dubai.

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Cheap Hotel "The region has created a marvelous vision. In total 50 percent of the world's cranes are in Dubai. But is development in the region sustainable or is it a mirage?" said Jonathan Worsley, conference coordinator at the opening of the summit.

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Flight Booking The question was reiterated by Jeff Weinstein, editor of HOTELS magazine, "There will also be a dozen new hotel and property investment opportunities being announcerd at Arabian Travel Market"

"Groople and Avis Budget Group continue to lead innovation in the industry with the launch of our group rental car product. The rapid growth in booking travel online and the size of the group travel segment is driving demand for group based travel tools, " said Mike Stacy, chief executive officer of Groople. "We have demonstrated our leadership in group hotels, breaking tool for cars, which will make their travel planning and booking much easier."

Travel Agent "But are we experiencing 'irrational exuberance' in terms of investment -- in the words of Alan Greenspan?"

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Hotel Chicago Vast liquidity, boosted by high oil prices and a rise in regional consumer spending indicates that -- yes -- hotel and hospitality investments in the GCC region is sustainable, this was the consensus among panel speakers and discussion leaders at the conference.

Online Booking Delegates are attending the conference, which runs until May 1, in order to find potential clients, identify opportunities for investment in the hotel sector and network.

Travel Health Insurance "Growth in the region is over five percent and looks sustainable. The question is - how will people spend the money is the question," says Daniel Thorniley of the Economic Intelligence Unit.

Hotel Reservation "The outlook for Arab-Arab tourism and western tourism to the GCC looks good."

London Hotel Booking The potential for Egypt, Libya and Turkey in the hotel investment sector was highlighted. But the "jewel in the crown"

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