Monday, October 18, 2021
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US tops global hotel construction pipeline

The global hotel construction pipeline, led by the U.S., is at a record high, according to Lodging Econometrics, with 14,051 projects (2.3 million rooms) under...

USA: Construction starts down significantly in first half of 2020

Dodge Data & Analytics released its findings on construction starts from the first half of the year, sharing that the pandemic and resulting recession wreaked...

Egypt is Spending Billions on a New Capital City

Construction has begun on Egypt’s shiny new capital city, which promises to ease the congestion of its overpopulated capital Cairo.Located 40 kilometres from Cairo,...

Zimbabwe’s new parliament building construction gets underway

Construction work on Zimbabwe’s new parliament building has been kick-started by President Mnangagwa at a foundation stone laying ceremony carried out recently.The project is being funded...

Marriott International to launch 19 new hotel properties, 3,000 rooms in MENA region this...

The hospitality group will be adding 19 new hotel properties and more than 3,000 rooms to its Middle East, Africa portfolio in 2019. They...

Construction of new Phnom Penh airport on schedule

Construction of a new airport that will serve Phnom Penh is on track and could be completed as early as 2023, the developer said.Pung...

GlobalData: Construction in North America to fall less than expected in 2020 amid quick...

GlobalData has revised its forecast for North America’s construction industry to -1.7% this year from the previous projection of -6.5% in the Q2 2020...

Senegal is building a $2 billion futuristic city

Senegalese leaders have long dreamed of building a new urban center amid mounting congestion and overcrowding in the capital city of Dakar. With a...

Construction demand in Singapore to stay strong, reach up to $32b this year

Construction demand is expected to remain strong this year due to sustained public sector contracts, as the industry continues to recover from a challenging...

Construction fever in the hotel sector in China

Construction growth in China has been boosted by billions of dollars in liquidity to offset the economic downturn brought about by the escalation of...