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...