Middle East Hotel Construction Pipeline
Middle East Hotel Construction Pipeline Rises to 612 Projects/144,222 Rooms at Q1 2024
Lodging Econometrics (LE) | May 15, 2024
May 15, 2024 – PORTSMOUTH, NH – The Q1 2024 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) reveals, at Q1, the hotel construction pipeline in the region increased to 612 projects/144,222 rooms, up 5% by projects year-over-year (YOY). At Q1 2024, projects currently under construction stand at 302 projects/80,589 rooms. Projects scheduled to start construction in the next 12 months stand at 133 projects/30,447 rooms, up 28% by projects YOY and 24% by rooms YOY. Projects in the early planning stage stand at 177 projects/33,186 rooms, up 18% by projects and 12% by rooms YOY. New project announce...
Middle East Hotel Construction Pipeline Marks Highest Year-Over-Year Project Growth Since 2018
Lodging Econometrics (LE) | February 22, 2024
February 22, 2024 – PORTSMOUTH, NH – The Q4 2023 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) states that at the close of the fourth quarter, the region’s total pipeline stands at 607 projects/145,984 rooms. The region boasts an impressive 11% year-over-year (YOY) increase in projects and a 2% YOY rise in rooms, marking the most substantial growth by projects since Q1 2018. At Q4, there are 309 projects/83,308 rooms under construction, up 2% YOY by projects. Those projects scheduled to start construction in the next 12 months are at 110 projects/26,454 rooms, up 7% YOY by projects, while...
Higher-End Chain Scale Projects Dominate the Middle East Hotel Construction Pipeline, Reaching Record Highs at Q3 Close
Lodging Econometrics | November 21, 2023
November 21, 2023 – PORTSMOUTH, NH – According to the Q3 2023 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the third quarter, the hotel construction pipeline in the region stands at 585 projects/139,582 rooms. Project counts in the region are up 9%, while room counts show a 3% increase year-over-year (YOY). Projects presently under construction stand at 320 projects/83,760 rooms. Projects scheduled to start construction in the next 12 months stand at 103 projects/24,041 rooms, up 18% by projects and 11% by rooms YOY. Projects in the early planning stage stand at 162 projects/31,781 rooms,...
Projects in Early Planning in the Middle East Hotel Construction Pipeline Hit All-Time High in Q2 ‘23
Lodging Econometrics (LE) | August 29, 2023
August 29, 2023 – PORTSMOUTH, NH In the recent Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the region continues to show steady pipeline growth in the second quarter of 2023, with the highest project count since Q1 2020. The total pipeline stands at 597 projects/146,521 rooms, up 10% and 5%, respectively, year-over-year (YOY). At the close of the second quarter, projects under construction stand at 330 projects/90,619 rooms. Projects scheduled to start construction in the next 12 months increased 17% by projects YOY to 102 projects with 23,909 rooms. Projects in the early planning stage increase...
Top-Tier Chain Scales Lead Hotel Construction Projects in the Middle East at Q2
Lodging Econometrics (LE) | August 25, 2022
In the recent Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of 2022’s second quarter, the total pipeline stands at 545 projects/140,055 rooms, up 3% by projects year-over-year (YOY). Economic and geopolitical uncertainty still pose many challenges throughout the Middle East, but as travel restrictions have been gradually lifted across the region, domestic travel and tourism numbers have improved throughout the first two quarters. For the second consecutive quarter, 72% of the projects in the Middle East are in the top three chain scales (luxury, upper upscale, and upscale), with upper ups...
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...
The Middle East’s Hotel Construction Pipeline Shows Decline at the End of Q1‘21
Lodging Econometrics | June 7, 2021
PORTSMOUTH, NH – June 7, 2021 – According to the Lodging Econometrics’ (LE) Q1‘21 Construction Pipeline Trend Report for the Middle East, the hotel construction pipeline in the region dropped to 534 projects/153,225 rooms, down 12% by projects and 11% by rooms year-over-year (YOY). Hotel development throughout the Middle East has slowed over recent years, largely due to the lack of tourism in the region. Repeated crises related to political unrest, civil war, and, most recently, the COVID-19 pandemic have been major factors in the number of visitors traveling to and from Middle Eastern countries. While this is the seventh conse...
