Performance18 September 2017
Analysts at Lodging Econometrics (LE) report that the Construction Pipeline Trend Report for the Middle East states that the Total Pipeline has 561 Projects/154,627 Rooms, up 13% by projects Year-Over-Year (YOY).
There are 339 Projects/98,653 Rooms Under Construction, up 20% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 125 Projects/32,116 Rooms, up 21%, while projects in Early Planning at 97 Projects/23,858 Rooms are down 12%.
The top hotel companies in the Middle East’s Construction Pipeline are: Marriott International 94 Projects/22,641 Rooms, Hilton Worldwide with 81 Projects/22,456 Rooms, and AccorHotels with 79 Projects/24,491 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott’s Courtyard with 15 Projects/3,112 Rooms, Hilton’s full-service hotel with 26 Projects/9,215 Rooms and Accor’s Adagio City Aparthotel with 13 Projects/2,529 Rooms.
The top countries in the Middle East Construction Pipeline are: Saudi Arabia with 202 Projects/60,392 Rooms, United Arab Emirates with 186 Projects/53,717 Rooms and Qatar with 56 Projects/14,307 Rooms. Cities in the Middle East with the largest pipelines are: Dubai, UAE with 141 Projects/40,266 Rooms, Riyadh, Saudi Arabia with 58 Projects/11,364 Rooms and Doha, Qatar with 52 Projects/12,680 Rooms.
About Lodging Econometrics
Lodging Econometrics (LE) is the lodging industry”s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients” business goals into timely opportunities.