Hotel Projects: The Emirate is the fastest growing market in the Middle East and Africa

25.5 thousand hotel rooms "under construction" in Dubai

The bulk of new projects in Dubai are expected to open within the next year.

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The "Hotel Projects" company, which specializes in hotel research, stated that the total number of hotel projects "under construction" reached 90 hotels by the end of the first half of this year, comprising a total of 25.5 thousand new hotel rooms, which are expected to enter the market, during the coming period, to replace Dubai. In first place in the Middle East and Africa, in the number of new projects.

In a study, the company said, "Emirates Today" obtained a copy of it, that "Dubai has won the title of the fastest growing market in the Middle East and Africa, in terms of the number of new hotel projects (under construction), which are expected to enter the market during the coming period." Noting that the city of Riyadh ranked second with about 45 hotels, with 9.3 thousand rooms.

Hotel projects

She pointed out that Dubai accounts for 16.5% of the total number of hotel projects “under construction” in the Middle East, which number 543, and about 17% of the total number of rooms in the region, which numbered 151,000 rooms, pointing out that the bulk of the New projects in Dubai are expected to open next year.

In addition, the UAE market ranked second among the markets of the Middle East and Africa, in terms of the number of hotel projects "under construction", recording 141 hotel projects, comprising a total of 38.2 thousand rooms, after the Saudi market, which ranked first with 168 projects, reaching It has a capacity of 64 thousand rooms.

International Markets Globally, the Corporation said that more than 7.4 thousand projects are “under construction” in various international markets, including more than 1.5 million hotel rooms, and the “Asia Pacific” region occupies the first place with about 2.6 thousand hotel projects.

According to data from the Department of Economy and Tourism in Dubai, the hotel sector in the emirate recorded, during the first half of this year, an increase in hotel room capacity by more than 19%, compared to the same period in 2019. The number of hotel rooms until the end of last June reached about 140 1,778 hotel rooms, distributed among 773 hotel establishments, compared to 118,345 rooms, in 714 establishments in the same period of 2019. The total number of hotels in the first half of 2022 exceeded its rates for the same period last year, by 8%, noting that This reflects the high confidence of investors in the tourism sector in Dubai.

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

The Department of Economy and Tourism in Dubai showed the emirate's success in attracting 7.12 million international visitors between January and June 2022, compared to the 2.52 million international visitors received by the city in the same period last year, an increase of more than 183%.

The number of international visitors in the first half of this year approached pre-Covid-19 levels, with Dubai receiving about 8.36 million visitors during the first six months of 2019, which represents an important achievement in light of the impact of the unprecedented challenges facing the world. And other macroeconomic factors that affected the economy and tourism in general.

Dubai acquires 16.5% of the hotel projects "under construction" in the region.

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