At the end of Q4 2009, the total Construction Pipeline for EMEA has 1,373 proj-ects/285,770 rooms. Pipeline counts have now declined 22% by projects and 23% by rooms since the Q2 2008 peak. They are expected to decline further, as concerns about the pace of economic recovery, the industry’s operating perfor¬mance and lending issues persist and continue to impact developer sentiment.
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