Signs of Hope in the Middle East | eturbonews.com

Compared to the developed nations’ hospitality sector, it looks like the Middle East North Africa (MENA) region’s hotel industry is riding out the recession and can look forward to resumed growth within two years. Reflecting cautious optimism, Arabian Hotel Investment Conference (AHIC) co-organizer Jonathan Worsley said while not ignoring the challenges of the current situation of falling revenues and occupancies, executives looked forward to a renewed momentum as consumer and investor confidence recover over the next 18 months.