Middle East Construction Pipeline Accelerates with Projects Up 16% and Rooms up 11% YOY
September 22, 2016 9:05am
September 22, 2016 – PORTSMOUTH, NH – According to the recent Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the total pipeline has 495 Projects/142,946 Rooms, up 16% by projects and 11% by rooms Year-Over-Year (YOY).
For hotels currently Under Construction, the Middle East Pipeline has 282 Projects/88,545 Rooms, up 26% by projects and 19% by rooms YOY. There are 103 Projects/24,211 Rooms Scheduled to Start Construction in the Next 12 Months, up 8% by projects and 7% by rooms. Projects in Early Planning, 110 Projects/30,190 Rooms, are down 16% by projects and 11% by rooms.
Tags: lodging econometrics,
middle east construction pipeline,
construction pipeline trend report
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.
Contact: Emily Lloyd
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