middle east construction pipeline
Luxury Projects Dominate as Middle East Hotel Pipeline Expands Slightly YOY
Lodging Econometrics | August 20, 2024
August 20, 2024 – PORTSMOUTH, NH The Q2 2024 Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics reveals that hotel construction projects in the region have reached 607 projects with 147,088 rooms at the quarter's close. This represents a 2% increase in projects year-over-year, while room numbers are up less than one percent YOY. As of Q2, 300 projects with 80,867 rooms are currently under construction throughout the Middle East. Projects scheduled to start construction in the next 12 months have seen a significant rise YOY, with 145 projects and 34,706 rooms, marking a 42% YOY increase in projects and a 45%...
The Middle East’s Hotel Construction Pipeline Shows Growth in the First Quarter
Lodging Econometrics (LE) | May 24, 2023
May 24, 2023 – PORTSMOUTH, NH According to the Q1 2023 Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the hotel construction pipeline in the region increased to 581 projects/147,356 rooms, up 8% by projects and 6% by rooms year-over-year (YOY). Hotel development counts in the Middle East continue to increase through the first quarter, largely due to the strong inflow of demand for lodging options in the region. The Middle East has become one the world’s fastest-growing tourism destinations - hosting major cultural, religious, and sporting events, which has helped propel demand and occupancy throu...
Middle East Finishes the Year Strong With Record-High New Hotel Openings in Q4 2022
Lodging Econometrics (LE) | February 23, 2023
February 23, 2023 – PORTSMOUTH, NH According to the Q4 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, LE analysts report that the hotel construction pipeline in the region stands at 549 projects/143,637 rooms. Hotel development in the Middle East is ramping up as investors begin to see opportunity in the region again. New project announcements (NPA) in the region continued to trend upward throughout 2022, closing the quarter at 67 projects/19,837 rooms and increasing 56% YOY. Additionally, the Middle East had a record number of new hotels open in the fourth quarter, closing out...
Larger Scale Projects Dominate the Middle East Hotel Construction Pipeline at Q3 Close
Lodging Econometrics (LE) | November 28, 2022
November 28, 2022 – PORTSMOUTH, NH According to the Q3 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, the hotel construction pipeline in the region stands at 535 projects/134,897 rooms. At the close of the third quarter, projects presently under construction stand at 320 projects/87,149 rooms. Projects scheduled to start construction in the next 12 months are at 87 projects/21,713 rooms, up 12% and 16% respectively, year-over-year (YOY). Projects in the early planning stage are at 128 projects/26,035 rooms. The Middle East has the largest average room size for new cons...
Projects Counts in the Middle East Hotel Construction Pipeline Remain Unchanged at the End of Q1 ‘22
Lodging Econometrics | May 31, 2022
May 31, 2022 – PORTSMOUTH, NH According to Lodging Econometrics’ (LE) Construction Pipeline Trend Report for the Middle East, at the end of 2022’s first quarter, the region’s hotel construction pipeline stands at 536 projects/138,915 rooms, unchanged by project counts and down 9% by rooms year-over-year (YOY). At Q1 ‘22, projects currently under construction stand at 331 projects/91,421 rooms, down 4% by projects and 16% by rooms YOY. Projects scheduled to start construction in the next 12 months are at 78 projects/22,041 rooms, an 11% decrease by projects and 8% increase by rooms YOY. Projects in the early planning stage are at...
Middle East Construction Pipeline Sees Slight Growth for the Second Consecutive Quarter
Lodging Econometrics | February 22, 2022
PORTSMOUTH, NH – February 22, 2022 – According to the Lodging Econometrics (LE) Q4 2021 publication of its Construction Pipeline Trend Report for the Middle East, the hotel construction pipeline in the region presently stands at 546 projects/150,547 rooms. Following an eight consecutive quarter downward trend, this is the second consecutive quarter project counts have increased in the region since Q3 ‘19. Projects currently under construction stand at 337 projects/102,821 rooms, a 4% by project and 9% by rooms drop year-over-year (YOY). Projects scheduled to start construction in the next 12 months are up 5% by projects and 20% by r...
At Year-End 2020, the Middle East Construction Pipeline Stands at 542 Projects/156,921 Rooms
Lodging Econometrics | March 2, 2021
PORTSMOUTH, NH – March 2, 2021 – According to the latest published Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the hotel construction pipeline in the Middle East declined again to 542 projects/156,921 rooms. This is the sixth consecutive quarter project counts have dropped in the region. Fluctuations in oil and gas prices, access to vaccines, the new U.S. administration, and lack of tourism are ultimately having an impact on hotel development. The next few years will prove pivotal in this region and LE will continue to monitor and track the impact. Projects currently under construction stand a...
Middle East Hotel Construction Pipeline Continues to Show Signs of Decline* at Close of Q2 2020
Lodging Econometrics (LE) | August 20, 2020
August 20, 2020 – PORTSMOUTH, NH – According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometrics (LE) state at the end of the second quarter of 2020, the hotel construction pipeline in the Middle East decelerated once again to 591 projects/169,538 rooms. The Middle East’s pipeline is down 7% by projects and 6% by rooms year-over-year (YOY). This is the fourth consecutive quarter the pipeline has declined since reaching its cyclical peak by projects in Q2 2019. However, projects currently under construction stand at an all-time high of 363 projects/117,458 rooms. Projects ...
