LOADING

TDM NEWS EVENTS IWTA SERIES TDM

creative website

Today Free Charge

Sign up today free of charge.

Join our global community of over 5 million travel and hospitality executives.

Middle East’s hotel construction pipeline slows down in first quarter of 2020

Middle East’s hotel construction pipeline slows down in first quarter of 2020

Megha Paul

- June 8, 2020

Analysts at Lodging Econometrics (LE) state in the first quarter of 2020, the hotel construction pipeline in the Middle East decelerated slightly to 607 projects or 172,182 rooms, down 3% and 5% respectively, year-over-year (YOY).

Projects currently under construction are at 357 projects or 114,817 rooms. Projects scheduled to start construction in the next 12 months stand at 113 projects or 27,872 rooms, and projects in the early planning stage are at 137 projects or 29,493 rooms. The Middle East had 15 new hotels or 6,527 rooms open in the first quarter of 2020.

Countries with the greatest number of projects in the construction pipeline are Saudi Arabia with 213 projects and the United Arab Emirates with 186 projects.  Following distantly is Egypt with a record 65 projects, Qatar with 56 projects and Oman with 39 projects. Dubai continues to lead the construction pipeline in the United Arab Emirates with 147 projects.

The Middle East is working to devise a plan that will allow the region to open safely and revitalize its economy. Plans vary from country to country, with Saudi Arabia, which is responsible for 40% of the rooms in the region’s hotel construction pipeline, starting a three-phase reopening plan from May this year.

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats

Middle East’s hotel construction pipeline slows down in first quarter of 2020

Megha Paul

- June 8, 2020

No posts found.

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats