The emirate witnesses opening new hotel projects despite "Corona"
146 hotel projects are under construction and planning in Dubai
Dubai accounts for 26.5% of the number of hotel rooms "under construction" in the Middle East.
The American company, "Lodging Econometrics", which specializes in the real estate consultancy sector, said that Dubai leads the size of hotel projects in the local market and the region, after it recorded 146 hotel projects with 44 thousand and 557 rooms under construction and planning, noting that the emirate accounts for 25.2% of the number of projects. Under construction, and 26.5% of the rooms are under construction in the Middle East.
The company stated in a periodic report to monitor hotel real estate, that Emirates Today obtained a copy of, that the number of hotel rooms under planning and construction in the UAE market reached 54 thousand and 533 at the end of the third quarter of this year, within 185 hotel projects.
The company added that the number of hotels under planning and construction in the Middle East reached 579 projects with more than 168 thousand rooms, a decrease of 7% for projects, and 6% for hotel rooms, compared to the end of the third quarter of 2019, noting that the region registered for the fifth quarter. In a row, a decrease in the number of projects since it reached its periodic peak in the second quarter of 2019.
The American company pointed out that during the third quarter of 2020, the Middle East region witnessed the opening of 10 new hotels with 1779 hotel rooms, noting that the number of projects in the construction phase has already reached 359 projects currently with more than 117 thousand rooms.
She mentioned that international hotel brands acquired 46% of the number of hotel projects "under construction" by the end of the third quarter of 2020, most notably "Hilton Worldwide", which registered 95 projects with more than 26 thousand hotel rooms, followed by "Marriott International" with 90 projects, about 24 One thousand hotel rooms, followed by Accor Company in third place with 82 new hotel projects “under construction” with 24.7 thousand rooms.
Dubai has witnessed the opening of new hotel projects, despite the "Covid-19" pandemic, including the "Al Jaddaf Rotana" Hotel, which opened last week, and includes 318 rooms and suites spread over 14 floors, and the "Grand Cosmopolitan Dubai" five-star hotel that opened in Last October, a capacity of 235 rooms and suites, while the InterContinental Hotels and Resorts Group revealed the opening of the first branch of the Staybridge Suites Hotel at Al Maktoum International Airport, which includes 262 suites.
The Dubai hospitality market also witnessed the launch of the “Sofitel Dubai The Obelisk” hotel last October, which includes 498 rooms and suites.
Hotel rooms in Dubai
Hotel rooms in Dubai
Data issued by the Department of Tourism and Commerce Marketing in Dubai showed an increase in the number of hotel rooms in the emirate at the end of February 2020, to 127,844 rooms, compared to 117,436 rooms at the end of February 2019.
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