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HOTEL CONSTRUCTION May 2020 MIDDLE EAST REPORT

HOTEL CONSTRUCTION · TOP 10 Dubai is not only the leading city of the Middle East region when it comes to new hotel projects. The Arabic metropolis is a global pioneer in expanding

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Page 1: HOTEL CONSTRUCTION · TOP 10 Dubai is not only the leading city of the Middle East region when it comes to new hotel projects. The Arabic metropolis is a global pioneer in expanding

HOTEL CONSTRUCTION

May 2020

MIDDLE EAST REPORT

Page 2: HOTEL CONSTRUCTION · TOP 10 Dubai is not only the leading city of the Middle East region when it comes to new hotel projects. The Arabic metropolis is a global pioneer in expanding

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In total the Middle East region has currently 638 hotel projects in

the pipeline with more than 193,800 hotel rooms.

OVERVIEWREGION

Page 3: HOTEL CONSTRUCTION · TOP 10 Dubai is not only the leading city of the Middle East region when it comes to new hotel projects. The Arabic metropolis is a global pioneer in expanding

48% of all 638 hotel projects that are currently arising in the Middle

East region will be 5 star hotels.

CATEGORIESPROJECT

LUXURY

305 Projects103,194 Rooms

FIRST CLASS

333 Projects90,650 Rooms

Page 4: HOTEL CONSTRUCTION · TOP 10 Dubai is not only the leading city of the Middle East region when it comes to new hotel projects. The Arabic metropolis is a global pioneer in expanding

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In 2019 86 new hotels have opened their doors in the Middle East

region. Looking at 2020 almost 31% of all current registered

projects are scheduled to celebrate their inauguration. Leading

countries in terms of expected openings in 2020 are the United

Arab Emirates with 72 projects, Saudi Arabia with 41 projects and

Qatar is looking forward to add 18 new hotels to their current hotel

portfolio.

OPENINGYEAR OF

2022

98 Projects30,274 Rooms

2021

174 Projects53,837 Rooms

2020

193 Projects54,055 Rooms

2023

43 Projects14,976 Rooms

2024+

130 Projects40,702 Rooms

Page 5: HOTEL CONSTRUCTION · TOP 10 Dubai is not only the leading city of the Middle East region when it comes to new hotel projects. The Arabic metropolis is a global pioneer in expanding

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370 Projects

115,143 Rooms

129 Projects

40,585 Rooms

52 Projects

13,090 Rooms728 Rooms

4 Projects 83 Projects

24,298 Rooms

UNDER CONSTUCTIONPLANNINGPRE-PLANNINGVISION PRE-OPENING

PHASECONSTRUCTION

The 638 hotel projects in the Middle East region are separated in five different phases due to their construction progress. 58% of all

projects are currently under construction. The 83 hotels which are currently in the pre-opening phase are expected to celebrate their

inauguration within the next six months.

Page 6: HOTEL CONSTRUCTION · TOP 10 Dubai is not only the leading city of the Middle East region when it comes to new hotel projects. The Arabic metropolis is a global pioneer in expanding

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COUNTRIESTOP 10

COUNTRY PROJECTS ROOMS

1. United Arab Emirates 226 69,531

2. Saudi Arabia 160 71,250

3. Qatar 47 15,070

4. Turkey 46 8,093

5. Oman 35 6,683

6. Georgia 28 5,021

7. Israel 27 3,733

8. Iraq 15 2,819

9. Bahrain 14 2,900

10. Kuwait 13 2,372

With 226 hotel projects, the United Arab Emirates is currently

leading in terms of new hotel projects in the pipeline.

Page 7: HOTEL CONSTRUCTION · TOP 10 Dubai is not only the leading city of the Middle East region when it comes to new hotel projects. The Arabic metropolis is a global pioneer in expanding

CITIESTOP 10

Dubai is not only the leading city of the Middle East region when it

comes to new hotel projects. The Arabic metropolis is a global

pioneer in expanding its hotel industry strongly.

CITY PROJECTS ROOMS

1. Dubai 159 51,098

2. Riyadh 42 9,901

3. Jeddah 40 10,525

4. Doha 37 10,885

5. Makkah 29 33,100

6. Muscat 24 5,019

7. Abu Dhabi 23 7,281

8. Ras al-Khaima 17 5,967

9. Tbilisi 17 2,983

10. Istanbul 17 2,802

Page 8: HOTEL CONSTRUCTION · TOP 10 Dubai is not only the leading city of the Middle East region when it comes to new hotel projects. The Arabic metropolis is a global pioneer in expanding

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13 Projects

6,733 Rooms

14 Projects

3,274 Rooms

18 Projects

6,734 Rooms4,264 Rooms

19 Projects 13 Projects

3,122 Rooms

Holiday Inn Hotels & Resorts

Hilton Garden Inn

HiltonHotels & Resorts

Doubletreeby Hilton

Radisson Hotels & Resorts

BRANDSTOP 10

81% of all hotels which are currently in the pipeline in the Middle East will be branded by any type of hotel chain. Only 19% of all new

hotels will be independently owned and managed. In terms of new development, Hilton Worldwide is the leading hotel group in the

region with 71 projects in the pipeline, followed by Accor (68 projects) and the Marriott International (60 projects).

11 Projects

3,337 Rooms

12 Projects

2,696 Rooms

12 Projects

3,715 Rooms4,243 Rooms

12 Projects 11 Projects

2,797 Rooms

Radisson BluHotels & Resorts

Courtyardby Marriott

The AddressHotels + Resorts

Mövenpick Hotels & Resorts

Novotel

Page 9: HOTEL CONSTRUCTION · TOP 10 Dubai is not only the leading city of the Middle East region when it comes to new hotel projects. The Arabic metropolis is a global pioneer in expanding

www.TOPHOTELPROJECTS.com | www.TOPHOTELCONSTRUCTION.com

CONTACT

If you have any question, please do not hesitate to get in touch with us.

[email protected]

+49 (0)4261 4140 0