Dubai Tops List for Largest Construction Pipeline in Middle East with 110 Projects /31,555 Rooms
December 21, 2016 2:38pm
December 21, 2016 – PORTSMOUTH, NH – According to the recent Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the total pipeline has 513 Projects/136,683 Rooms, up 21% by projects and 6% by rooms Year-Over-Year (YOY).
For hotels currently Under Construction, the Middle East Pipeline has 298 Projects/81,169 Rooms, up 28% by projects and 6% by rooms YOY. There are 108 Projects/25,783 Rooms Scheduled to Start Construction in the Next 12 Months, up 23% by projects and 20% by rooms. Projects in Early Planning, 107 Projects/29,731 Rooms, are up 3% by projects and down 3% by rooms.
The three cities with the largest pipelines are: Dubai with 110 Projects/31,155 Rooms, Riyadh, Saudi Arabia with 56 Projects/11,866 Rooms, and Doha, Qatar with 44 Projects/9,554 Rooms.
The leading franchise companies in the Middle East’s Pipeline are: Hilton Worldwide with 75 Projects/22,708 Rooms, Starwood Hotels & Resorts with 49 Projects/14,249 Rooms and Marriott International with 43 Projects/10,513 Rooms.
The leading brand for each of the Middle East’s top three franchise companies are: Hilton Hotels with 30 Projects/11,452 Rooms, Starwood’s aloft Hotel with 15 Projects/3,180 Rooms and Courtyard by Marriott with 12 Projects/2,787 Rooms.
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construction pipeline trend report,
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
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