Booming Middle East pipeline includes 561 projects with 166,872 new rooms [Download presentation]
Cappadocia, Turkey, one of the countries driving hotel construction growth in the Middle East region.
TOPHOTELPROJECTS Head of Business Development A. Rohde shares valuable info about the Middle East project pipeline at HOTEC Middle East.
The overall hotel project pipeline in the Middle East currently includes more than 166,000 new rooms, spread throughout 561 new properties, which is an indication for a striving hospitality business in the region.
TOPHOTELPROJECTS heads to Muscat, Oman for HOTEC
Those numbers were part of the information presented by TOPHOTELPROJECTS Head of Business Development Andreas Rohde at the HOTEC Middle East Conference in Muscat, Oman from June 16 to 19.
There’s no denying these figures are indicative of a healthy and robust project pipeline. Rohde also noted that the tourism arrivals to the Middle East rose by 10.3% from 2017 to 2018, faster than any other market in the world.
In other words, the hospitality market in the Middle East is doing well, giving no sign of a decrease in viability any time soon.
For the unfamiliar, HOTEC Middle East brings together some of the biggest names in the hospitality industry, including senior executives of leading hotel chains, purchasing companies, and interior and architectural designers from the region.
Reasons for optimism
Rohde emphasized that the Middle East has some of the most viable countries for the hospitality industry on the planet.
Of the countries with the top 10 most prolific hotel project pipelines, two are in the Middle East. They are Saudi Arabia—which comes in at no. 8 with 144 projects in its pipeline and 60,123 rooms—and the United Arab Emirates—which is no. 5 with 194 projects in its pipeline and 59,068 rooms.
Countries driving the growth
Apart from Saudi Arabia and the UAE, there are several other countries driving the growth within the Middle East.
One can also find robust project pipelines in Turkey, Qatar, and Oman. In fact, Turkey currently has 50 projects in its pipeline which will yield 8,935 rooms, while Qatar has 43 projects slated to have 12,905 rooms, and Oman has 31 projects that will feature a total of 6,075 rooms.
All of this adds up to a Middle Eastern region with a bright, booming future.
Let’s take a look at a few other projects currently underway in Middle East:
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