The American Lodging Econometrics company specialized in the real estate consultancy sector reported that the number of hotel rooms under construction in Dubai reached 45 thousand and 647 rooms by the end of the first quarter of this year, among 147 hotel projects, noting that the emirate tops the list of the largest tourist destinations in projects Tourism development.
According to the company’s data, Dubai accounted for 26.51% of the total number of hotel rooms under construction in the region during the first quarter of 2020, and at a rate of 24.22% of the number of projects, indicating that the total number of rooms under construction in the UAE market as a whole has reached 56 One thousand and 188 rooms, within 186 hotel projects.
The company stated in a report, "Emirates Today" obtained a copy of it, that during the first quarter of this year, the number of hotel projects in the Middle East region witnessed a limited slowdown, as the region registered 670 projects that include 172 thousand rooms, with a decline rate of 3 and 5% on Respectively on an annual basis.
The report indicated that the number of projects in the construction phase in the region currently stands at 357 projects, which includes about 114 thousand rooms, while the number of projects that are scheduled to enter the construction phase in the next 12 months reaches 113 projects, including 28 thousand rooms, while the projects are in the early planning stage 137 projects comprising 29 thousand rooms.
He pointed out that Saudi Arabia recorded 214 projects under construction that include 70 thousand rooms, while the Egyptian market registered 65 projects with a total of 16 thousand rooms, and the Sultanate of Oman 39 projects comprising 7545 rooms.
The report added that in the first quarter of 2020, "Marriott International" was the first franchise company in the Middle East, with 97 projects containing about 24 thousand rooms, followed by "Hilton Worldwide" with 94 projects comprising 25 thousand rooms, then "Accor" »With 91 projects comprising about 27,000 rooms.
The report indicated that the Corona virus did not have a full impact on the results of the first quarter of this year in the Middle East, and it is still too early to predict the full impact of the virus on the hospitality sector.
Hotel Capacity in Dubai
The total number of hotel rooms in Dubai increased, by the end of last February, to 127 thousand and 844 rooms, compared to 117 thousand and 436 rooms at the end of February 2019, a growth of about 9%, according to the latest data from the Department of Tourism and Commerce Marketing in Dubai.
The number of hotel establishments in Dubai increased by 745 to the end of February 2020, compared to 716 by the end of the same month in 2019.
26.5%
Of the hotel rooms under construction in the region acquired by Dubai, during the first quarter of 2020.