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Hotel Construction Report

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Hotel Construction Report MIDDLE EAST Hotel Construction Report April 2021 tophotelprojects.com Regions OVERVIEW Europe 1,913 Projects 319,500 Rooms North America 1,924 Projects 404,510 Rooms Middle East 649 Projects 191,952 Rooms Asia Pacific 2,589 Projects 613,283 Rooms Africa 300 Projects Latin America 65,653 Rooms 245 Projects 43,473 Rooms tophotelprojects.com Luxury 315 Projects 100,082 Rooms Categories HOTEL SEGMENT 51% of all 649 hotel projects that are currently in the Middle East will be four-star hotels. In terms of hotel rooms the ratio of first class to luxury hotels is 48% to 52%. 49% 51% First Class 334 Projects 91,870 Rooms tophotelprojects.com Year of Opening OVERVIEW 34% 30% 25% 11% 2021 2022 2023 2024+ 219 Projects 196 Projects 74 Projects 160 Projects 56,451 Rooms 59,748 Rooms 24,592 Rooms 51,161 Rooms tophotelprojects.com Construction PHASE 2% 22% 12% Vision Planning Pre-Opening 11 Projects 146 Projects 79 Projects 2,174 Rooms 42,864 Rooms 18,380 Rooms Pre-Planning Under Construction 53 Projects 360 Projects 14,219 Rooms 114,315 Rooms 8% 56% 5 tophotelprojects.com Countries TOP 10 When it comes to the top 10 countries for hotel construction in the Middle East region , Country Projects Rooms the list is perhaps less surprising that one might think. With more than 200 projects, the UAE is currently leading in terms of new hotel projects in the pipeline. 1. United Arab Emirates 205 60,676 2. Saudi Arabia 160 71,219 3. Israel 63 12,005 4. Qatar 48 14,335 5. Turkey 40 7,378 6. Oman 33 6,383 7. Georgia 32 5,676 8. Bahrain 18 3,835 9. Iraq 14 2,874 10. Kuwait 13 2,254 tophotelprojects.com Cities TOP 10 With 152 hotels in the pipeline Dubai is still a pioneer in expanding its hotel industry Country Projects Rooms strongly. 1. Dubai 144 44,230 2. Riyadh 40 9,248 3. Doha 37 10,494 4. Jeddah 37 8,954 5. Makkah 27 31,990 6. Tel Aviv 26 4,686 7. Muscat 20 4,232 8. Tbilisi 19 3,133 9. Ras al-Khaimah 18 5,973 10. Abu Dhabi 17 5,446 tophotelprojects.com Hotel Groups TOP 5 Accor Hilton Worldwide Marriott International InterContinental Hotels Group Radisson Hotel Group 72 Projects 66 Projects 54 Projects 37 Projects 35 Projects 21,180 Rooms 16,905 Rooms 14,893 Rooms 13,149 Rooms 8,153 Rooms tophotelprojects.com Hotel Brands TOP 10 Doubletree by Hilton Hilton Hotels & Resorts Millennium Hotels Hilton Garden Inn Mövenpick Hotels & Resorts 16 Projects 15 Projects 15 Projects 14 Projects 13 Projects 3,256 Rooms 5,525 Rooms 5,093 Rooms 4,152 Rooms 4,421 Rooms Holiday Inn Hotels & Resorts Novotel Radisson Hotels & Resorts Radisson Blu Hotels & Resorts Courtyard by Marriott 12 Projects 12 Projects 12 Projects 11 Projects 11 Projects 6,180 Rooms 4,743 Rooms 3,065 Rooms 2,326 Rooms 2,319 Rooms tophotelprojects.com All data displayed in this report are extracted from the TOPHOTELPROJECTS construction database in March 2021. We include all project categories and phases for all four and five-star hotel projects. Please note that this data may differ from the current figures you will find in the database, as our international research team is updating and adding projects daily. For any questions or quires, do not hesitate to get in touch with us. TOPHOTELPROJECTS GmbH Grosse Strasse 77 +49 4261 4140 0 27356 Rotenburg [email protected] Germany www.tophotelprojects.com │www.tophotelconstruction.com tophotelprojects.com.
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