It includes 35.8 thousand rooms ... and acquires 22.3% of the projects in the region

121 hotel projects are under construction in Dubai by the end of 2020

Dubai accounts for 22.8% of hotel rooms under construction in the middle.

Archives

The American company, "Lodging Econometrics", which specializes in the real estate consulting sector, said that Dubai leads the volume of hotel projects in the local market and the region, after it registered about 121 hotel projects with 35 thousand and 837 rooms, noting that the emirate accounts for 22.3% of the number of projects registered. Construction in the Middle East, 22.8% of the rooms under construction in the Middle East.

The company stated in its annual report for the year 2020, that Emirates Today obtained a copy of it, that the number of hotel rooms under planning and construction in the UAE market reached 45,573 rooms by the end of the second quarter of last year, within 161 hotel projects.

Middle east

The company’s report indicated that the number of hotel projects under construction and planning in the Middle East region amounts to 542 projects comprising 156 thousand and 921 rooms, of which 351 projects comprising 113 thousand and 63 rooms are currently under implementation, in addition to 109 projects comprising 24 thousand and 652 rooms in the early planning stage. .

He noted that the hotel projects that are scheduled to start construction during the next 12 months have decreased significantly on an annual basis.

New hotels

According to the report, 18 new hotels with 6,174 rooms were opened in the Middle East during the fourth quarter of last year, which is the highest number of hotels in the region in any quarter recorded in 2020. He explained that for the whole of the past year, 51 new hotels were opened in The area includes 16,391 rooms.

Famous signs

"Lodging Econometrics" indicated that 54% of the projects under implementation in the Middle East belong to famous hotel brands, such as "Hilton Worldwide" with 92 projects with 25 thousand and 646 rooms, and "Marriott International" with 73 projects with 21 thousand rooms, and "Accor Group" with 83 projects comprising 24 thousand and 508 rooms.

- The

number of local hotel rooms under planning reached 45.7 thousand rooms by the end of the second quarter.

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