Middle East Construction Pipeline Shows Growth with Projects Up 12% YOY
December 5, 2017 2:06pm
December 5, 2017 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that the Construction Pipeline Trend Report for the Middle East states that the Total Pipeline has 572 Projects/156,420 Rooms, up 12% by projects Year-Over-Year (YOY).
There are 349 Projects/100,485 Rooms Under Construction, up 17% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 113 Projects/30,841 Rooms, up 5%, while projects in Early Planning at 110 Projects/25,094 Rooms are up 3%.
The top hotel companies in the Middle East’s Construction Pipeline are: Marriott International 95 Projects/22,767 Rooms, Hilton Worldwide with 86 Projects/24,197 Rooms, and AccorHotels with 84 Projects/24,838 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott’s Courtyard with 195 Projects/3,998 Rooms, Hilton’s full-service hotel with 28 Projects/10,151 Rooms and Accor’s Novotel with 14 Projects/3,865 Rooms.
The top countries in the Middle East Construction Pipeline are: Saudi Arabia with 198 Projects/60,249 Rooms, United Arab Emirates with 194 Projects/55,264 Rooms and Qatar with 59 Projects/14,415 Rooms. Cities in the Middle East with the largest pipelines are: Dubai, UAE with 145 Projects/40,733 Rooms, Riyadh, Saudi Arabia with 53 Projects/10,425 Rooms and Doha, Qatar with 55 Projects/12,788 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 Dennison
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