Middle East’s hotel construction pipeline sees growth, with 610 projects and 149,686 rooms, led by luxury segments in Saudi Arabia, Egypt, and UAE.
PORTSMOUTH, NH – As seen in the Q3 2024 Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the hotel construction pipeline in the region shows upward momentum, standing at 610 projects/149,686 rooms, up 4% by projects and 7% by rooms year-over-year (YOY).
At the close of the third quarter, projects currently under construction stand at 296 projects/79,978 rooms, accounting for 49% of the region’s total pipeline projects. Projects scheduled to start construction in the next 12…
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