Analysts at Lodging Econometrics (LE) report that the Construction Pipeline for the Middle East is up significantly. The Total Pipeline has 573 Projects/165,938 Rooms, and is up 11% by projects Year-Over-Year (YOY)
There are 348 Projects/109,027 Rooms Under Construction, up 8% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 108 Projects/28,274 Rooms, up 9%, while projects in Early Planning at 117 Projects/28,637 Rooms are up 24%.
The top hotel companies in the Middle East's Construction Pipeline are: Marriott International 96 Projects/22,559 Rooms, Hilton Worldwide with 92 Projects/25,303 Rooms, and AccorHotels with 83 Projects/26,206 Rooms. The largest brand in the Pipeline for each of these companies are: Marriott's Courtyard with 20 Projects/4,218 Rooms, Hilton's full-service hotel with 29 Projects/10,345 Rooms and Accor's Novotel with 14 Projects/3,870 Rooms.
The top countries in the Middle East Construction Pipeline are: Saudi Arabia with 202 Projects/70,992 Rooms, United Arab Emirates with 191 Projects/54,946 Rooms and Qatar with 60 Projects/14,053 Rooms. Cities in the Middle East with the largest pipelines are: Dubai, UAE with 143 Projects/40,631 Rooms, Doha, Qatar with 56 Projects/12,426 Rooms and Riyadh, Saudi Arabia with 55 Projects/10,623 Rooms.
Hospitality Net
26/02/2018
