Middle East total hotel project pipeline up by 12% year-over-year
Posted on 29th December 2017
According to *Constructionweekonline news report, the Middle East total hotel project pipeline is up by 12% year-over-year, analysts at Lodging Econometrics (LE) have reported.
The Construction Pipeline Trend Report for the Middle East reveals that there are 572 projects and 156,420 rooms currently in the pipeline with 349 projects and 100,485 rooms under construction, up 17% by projects YOY, according to Hotelier Middle East.
The top countries in the Middle East construction pipeline include Saudi Arabia with 198 projects and 60,249 rooms, and the UAE with 194 projects and 55,264 rooms.
Cities in the Middle East with the largest pipelines are Dubai, UAE with 145 projects and 40,733 rooms, and Riyadh, Saudi Arabia with 53 projects and 10,425 rooms.
The top hotel companies in the Middle East’s construction pipeline are Marriott International with 95 projects and 22,767 rooms, Hilton with 86 projects/24,197 rooms, and AccorHotels with 84 projects and 24,838 rooms.
From these brands, Marriott’s Courtyard has recorded the largest pipeline of projects with 195 projects across 3,998 rooms. Hilton’s full-service hotel follows closely behind with 28 projects and 10,151 rooms and Accor’s Novotel with 14 projects and 3,865 rooms.
*News source: http://www.constructionweekonl...Back to all Construction News
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