ORLANDO (Yosefardi) – The Founding Members of the Global Hotel Development Association (GHD) announced $23 billion in new hotel development projects to be completed between 2015 and 2022.
GHD aims to create financial incentives for the management of member companies, reduce construction costs for developers, maximize returns for its institutional investors and build long-term profitable relationships and high levels of business with preferred construction companies.
The new hotel construction projects include developments in Asia Pacific, including Indonesia.