Middle East hotels will see improved performance this year

Hotel development in Middle East remains robust


The put up Hotel development in Middle East remains robust appeared first on TD (Travel Daily Media) Travel Daily.

Despite the pandemic headwinds that the worldwide hospitality business has needed to take care of, new lodge development in prime spots in Saudi Arabia, Qatar, Oman and the UAE remains substantial. According to new analysis commissioned by Arabian Travel Market and carried out on the finish of 2021 by lodge market intelligence and world benchmarking firm STR, Makkah and Doha are each increasing their lodge room stock by 76 per cent.

This is adopted by Riyadh, Medina and Muscat with 66 per cent, 60 per cent and 59 per cent progress respectively. In Dubai, rooms progress stands at 26 per cent, which remains to be “extraordinary,” researchers stated, contemplating its present base and following years of steady lodge development.

The determine remains to be greater than double the worldwide common. Danielle Curtis, exhibition director, Middle East, Arabian Travel Market, stated: “With the global average sitting at 12 per cent we are witnessing multiple GCC destinations growing at six times those rates. These figures coupled with the ongoing relaxation in travel restrictions, will undoubtedly encourage travel professionals throughout the Middle East and further afield. As such we are expecting a substantial increase in the number of participants at our live event this year, especially Saudi Arabia, Qatar, Oman and the UAE,” she added.

According to the report, there are nearly 2.5 million lodge rooms at the moment underneath contract around the globe, 3.2 per cent or 80,000 rooms of that offer is happening in Saudi Arabia alone. Furthermore, though Expo 2020 in Dubai is now drawing to a detailed, the mega occasion has been the catalyst for accelerated lodge room progress in the UAE with nearly 50,000 rooms nonetheless on account of open throughout the emirates.

Following carefully behind is Doha with remaining preparations for the FIFA World Cup 2022 now being put in place. Doha is on monitor to ship 23,000 lodge rooms pre- and post-World Cup 2022, including to the nation’s burgeoning lodge property portfolio.

“Whilst the actual numbers may not seem particularly significant in comparison to the global hotel room pipeline, the growth above existing supply is staggering and underlines government strategy to diversify their economies away from hydrocarbon receipts and their confidence in the growth of tourism throughout the region,” stated Curtis.

The put up Hotel development in Middle East remains robust appeared first on Travel Daily.



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