Nearly 28.8 per cent of investors are targeting upscale hotel properties for investment in Europe, Middle East and Africa (EMEA), a report said, adding that demand for luxury assets is highest in Dubai, Abu Dhabi and the French Riviera.
Twenty-nine million in-bound tourists visited Turkey in 2010, up seven per cent over the previous year, encouraging analysts to predict an increase for this year, said the organisers of an upcoming hotel investment summit in Istanbul.
The hotel investment market in the Europe, Middle East and Africa (EMEA) region demonstrated strong growth in the first three quarters, reaching a record 3.97 billion euros ($5.53 billion), said a report by Jones Lang LaSalle Hotels.
Bahrain's hotel investment volume for the next three years is estimated at BD1 billion ($2.65 billion), revealed a top tourism official.
International hotel groups along with local and GCC investors have been granted permits to build 2