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Source MKG Hospitality Database – ADR & REVPAR are without taxes 08/2011 - Algeria : OR 34.9% ; ADR 167.5$ ; REVPAR 58.5 / Austria : OR 74.9% ; ADR 121.5$ ; REVPAR 91.1 / Bahrain : OR 28.4% ; ADR 161.5$ ; REVPAR 45.9 / Belgium : OR 67.7% ; ADR 99.9$ ; REVPAR 67.7 / Egypt : OR 46.5% ; ADR 63.9$ ; REVPAR 29.7 / France : OR 69.2% ; ADR 111.6$ ; REVPAR 77.3 / Germany : OR 64.2% ; ADR 97.6$ ; REVPAR 62.6 / Italy : OR 56.1% ; ADR 157.1$ ; REVPAR 88.2 / Jordan : OR 35.5% ; ADR 118.3$ ; REVPAR 42.0 / Kingdom of Saudi Arabia : OR 63.4% ; ADR 338.6$ ; REVPAR 214.7 / Kuwait : OR 39.8% ; ADR 192.4$ ; REVPAR 76.7 / Lebanon : OR 38.0% ; ADR 194.4$ ; REVPAR 73.8 / Luxembourg : OR 73.9% ; ADR 97.7$ ; REVPAR 72.2 / Malta : OR 90.2% ; ADR 168.5$ ; REVPAR 151.9 / Morocco : OR 33.6% ; ADR 125.8$ ; REVPAR 42.2 / Oman : OR 37.2% ; ADR 133.7$ ; REVPAR 49.6 / Poland : OR 64.7% ; ADR 76.8$ ; REVPAR 49.6 / Portugal : OR 79.1% ; ADR 125.4$ ; REVPAR 99.2 / Qatar : OR 41.7% ; ADR 183.0$ ; REVPAR 76.2 / South Africa : OR 50.2% ; ADR 132.9$ ; REVPAR 66.8 / Spain : OR 72.9% ; ADR 125.4$ ; REVPAR 91.5 / Switzerland : OR 69.9% ; ADR 149.8$ ; REVPAR 104.6 / The Netherlands : OR 70.4% ; ADR 114.9$ ; REVPAR 81.1 / Tunisia : OR 49.5% ; ADR 112.5$ ; REVPAR 55.7 / Turkey : OR 59.0% ; ADR 190.1$ ; REVPAR 112.1 / United Arab Emirates : OR 48.6% ; ADR 121.1$ ; REVPAR 58.9 / United Kingdom : OR 78.1% ; ADR 100.7$ ; REVPAR 78.7 / Yemen : OR 15.7% ; ADR 85.9$ ; REVPAR 13.5 / Source MKG Hospitality Database – ADR & REVPAR are without taxes
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by : Hospitality ON® the 20/02/2012 17h00

Concord Hospitality Commits $355M Development Pipeline for 2012

Concord Hospitality Enterprises announced that the company has committed $355 million in active development on 15 hotels in 2012 and expects to reach the 14,000 room threshold as a third-party operator and owner.

The development activity is expected to add approximately 3,500 construction jobs and more than 1,000 new hotel jobs to local economies. In addition, the company said it will continue to expand its third-party management portfolio, focusing primarily on the full-service sector and premium-branded select-service hotels.

Multi-brand Strategy Concord is significantly expanding to include the top-tier brands, Hyatt, Hilton, Starwood and upscale Choice flags. Laport cited several Cambria Suites and Hyatt House projects currently in Concord’s development pipeline.

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