Middle East Construction Pipeline Trend Report
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...
Saudi Arabia and the U.A.E. Lead the Middle East Hotel Construction Pipeline at Q3‘21
Lodging Econometrics (LE) | November 18, 2021
PORTSMOUTH, NH – November 18, 2021 – According to the Q3 2021 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 545 projects/168,042 rooms. While the number of total pipeline projects has increased over the previous quarter, project counts are down 6% and room counts are down 19% year-over-year (YOY). Projects presently under construction stand at 350 projects/108,244 rooms, down slightly by 3% by projects and 8% by rooms YOY. Projects scheduled to start construction in the next 12 months are down 8% by projects and 10% by ro...
Middle East Hotel Construction Pipeline Project & Room Counts Drop 10% in Q2’21
Lodging Econometrics | August 18, 2021
PORTSMOUTH, NH – August 18, 2021 – According to the latest Construction Pipeline Trend Report for the Middle East, research analysts at Lodging Econometrics (LE) state at the end of the second quarter of 2021, the hotel construction pipeline in the Middle East declined once again to 531 projects/152,448 rooms. The Middle East’s pipeline is down 10% by both projects and rooms year-over-year (YOY). This is the eighth consecutive quarter the pipeline has declined since reaching its cyclical peak of 638 projects in Q2 2019. Projects currently under construction dropped 6% by projects and 8% by rooms YOY, standing at 340 projects/107,53...
