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According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometrics (LE) state at the end of the third quarter  (Q3) of this year, the hotel construction pipeline in the Middle East declined again to 579 projects/168,042 rooms. The Middle East’s pipeline is down seven percent by projects and six percent by rooms year-over-year (YOY).  This is the fifth consecutive quarter the pipeline has declined since reaching its cyclical peak by projects in Q2 2019.  

Saudi Arabia claims it remains on track to reach its ambitious target of welcoming 100 million tourists annually by 2030.This would mean a near six-fold increase in tourist arrivals over the next 11 years, from the 17 million visitors the country welcomed in 2019, according to GlobalData, a leading data and analytics company.

 

Saudi Arabia is showing the strongest recovery in Middle East, with advance hotel booking steadily rising, as per latest report by hotel connectivity expert eRevMax.

According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometrics (LE) state at the end of the second quarter (Q2) of of this year , the hotel construction pipeline in the Middle East decelerated once again to 591 projects/169,538 rooms.

According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometrics (LE) state at the end of the second quarter (Q2) of this year, the hotel construction pipeline in the Middle East decelerated once again to 591 projects/169,538 rooms.

This year, the region will face an economic contraction forecast between 0.8 and 2.3 percent; socioeconomic stability, social inclusion and human capital development are prerequisites for resilience and emerging from the crisis.