It registered 84 projects with 24.3 thousand rooms in 3 months

Dubai leads the hotel projects under construction in the Middle East

It is expected that 103 new hotel projects will be opened in the region this year.

archival

The American company Lodging Econometrics, which specializes in the real estate consultancy sector, stated that Dubai leads the index of the number of hotel projects under construction and development in the Middle East, after it recorded 84 projects with more than 24,3 thousand hotel rooms, noting that the number of projects in the UAE market It reached 121 projects by the end of the first quarter of this year.

In a report, obtained by Emirates Today, the company expected the opening of 103 new projects in the Middle East this year, with a capacity of 24,723 rooms, pointing out that the Middle East is home to some of the best luxury travel destinations in the world. It is popular for its larger luxury accommodations.

Total projects

In detail, a report by the American company Lodging Econometrics, which specializes in the real estate consultancy sector, showed that the number of hotel projects under construction and planning in the Middle East reached 536 projects, comprising about 139,000 rooms, by the end of the first quarter of this year.

The report, which "Emirates Today" obtained a copy of, stated that in the first quarter of 2022, the number of hotel projects under construction amounted to 331 projects comprising 91 thousand rooms, a decrease of 44% according to projects, and 16% of rooms on an annual basis, compared to the first quarter. from the year 2021.

According to the report, the number of projects scheduled to enter the construction phase this year has reached 78 projects with more than 22,000 rooms, a decrease of 11% according to projects, with an increase of 8% compared to the number of rooms on an annual basis compared to 2021.

And he indicated that the number of projects in the early planning stage this year amounts to 127 projects with more than 25.4 thousand rooms, an increase of 26% according to projects, and a 5% increase according to the number of rooms on an annual basis.

improvement and prosperity

The report indicated that the limited rates of travel and tourism throughout the Middle East, in light of the pandemic, caused the suspension of some projects to develop hotels in the region over the past two years.

However, he emphasized that, however, consumer confidence and pent-up demand for travel have improved dramatically since the beginning of the year, which in turn has led to a recent boom in bookings in many major travel hubs and tourist destinations.

The report stated that the Middle East is home to some of the world's best luxury travel destinations and is known for its larger luxury accommodations, noting that future development projects still reflect that about 70% of projects are luxury.

the biggest number

The report stated that 128 out of 536 hotel projects under planning and construction in the Middle East, have more than 300 rooms, explaining that, for example, in Makkah Al-Mukarramah, Saudi Arabia, there are nine projects with more than 1,000 rooms each, as these projects include 13,000 rooms. And 222 rooms, representing about 56% of the rooms under development and construction in the city.

He pointed out that the countries with the largest number of projects under construction at the end of the first quarter of 2022 are Saudi Arabia, with 208 projects comprising 60,000 rooms, the UAE with 121 projects, followed by Egypt with a total of 69 projects, Qatar with 61 projects, and the Sultanate of Oman with 30 project.

Dubai tops

The report confirmed that Dubai continues to lead the index of the number of hotel projects under development in the region with 84 projects, comprising more than 24.3 thousand hotel rooms.

He added that the number of projects in Riyadh reached 71 projects comprising 14.8 thousand rooms, followed by Doha with 51 projects comprising 12,000 rooms, Jeddah with 42 projects comprising 8.7 thousand rooms, and Makkah with 35 projects comprising 23.6 thousand rooms, noting that 48% of the projects Under construction, 52% of the rooms are located within these five cities.

hotel signs

The report indicated that 48% of the projects under construction and planning in the Middle East belong to three international hotel brands, at the end of the first quarter, including 96 projects with a capacity of 25,216 rooms, for Hilton Worldwide, followed by Accor with 87 projects, including 23.5 thousand rooms, and “Marriott International” with 76 projects with more than 22 thousand rooms.

And he indicated that during the first quarter, 19 new hotels were opened in the Middle East with 4,193 rooms, and it is expected that 103 hotel projects with a capacity of 24,723 rooms will be opened during the current year, and 114 new hotel projects in 2023, with a capacity of more than 27 A room.

Dubai is a strong performance.. 12,000 rooms in 12 months

The total number of new hotel rooms that were opened in Dubai within 12 months, between April 2021 and April 2022, reached 12,324 rooms, an average of 1,027 new rooms per month, according to data issued by the Dubai Department of Economy and Tourism.

According to these data, which "Emirates Today" obtained a copy of, the number of hotel rooms in Dubai at the end of April 2022 reached 140,363 hotel rooms, compared to 128,12 hotel rooms at the end of April 2021, with a growth rate of 9.6%.

The number of hotel establishments in Dubai increased by 55 new establishments, from 714 establishments at the end of April 2021 to 769 establishments at the end of April 2022, with a growth rate of 7.7%, at a rate of 4.5 hotels each month.

• The number of hotel projects in the UAE market reached 121 by the end of the first quarter of 2022.

• 536 hotel projects with 139 thousand rooms are under construction and planning in the region.

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