According to the Q1 2023 Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the hotel construction pipeline in the region increased to 581 projects/147,356 rooms, up 8% by projects and 6% by rooms year-over-year (YOY).
IHG debuts Kimpton in the Middle East with a signing in Saudi Arabia’s KAFD
IHG Hotels & Resorts, one the of the world’s largest hotel groups, with 6000 hotels across 18 brands, has signed a management agreement with The King Abdullah Financial District Management and Development Company (KAFD DMC), a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), to bring the first Kimpton hotel in the region to Riyadh, Saudi Arabia.
Kerry Healy to lead Accor’s commercial organisation for Middle East, Africa, Turkey & Asia Pacific
Accor, the region’s largest international hotel operator, has introduced its new Commercial organisation and executive committee, with Kerry Healy taking the lead as Chief Commercial Officer for Premium, Midscale & Economy brands in the Middle East, Africa, Turkey & Asia Pacific.
IDeaS names Michael McCartan to lead growth across Europe, Middle East, and Africa
IDeaS Revenue Solutions, the world’s leading provider of automated revenue management software and services, announced today that Michael McCartan has joined the company as area vice president for Europe, the Middle East, and Africa (EMEA) effective March 2, 2023. McCartan will drive the company’s growth and expansion in one of the hotel industry’s most strategic regions.
Middle East finishes the year strong with record-high new hotel openings in Q4 2022
According to the Q4 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, LE analysts report that the hotel construction pipeline in the region stands at 549 projects/143,637 rooms. Hotel development in the Middle East is ramping up as investors begin to see opportunity in the region again. New project announcements (NPA) in the region continued to trend upward throughout 2022, closing the quarter at 67 projects/19,837 rooms and increasing 56% YOY. Additionally, the Middle East had a record number of new hotels open in the fourth quarter, closing out the year with 81 new hotels opened in 2022, accounting for 17,736 rooms.
Hotel pipeline activity down around the world, except in Middle East and Africa
Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the fourth quarter, according to December 2022 data from STR.
Europe and Middle East tourism set to return to pre-pandemic level
After stronger than expected recovery last year, 2023 could see international tourist arrivals bounce back to pre-COVID-19 levels in Europe and the Middle East.
DAMAC selects Atomize RMS to adopt real time dynamic pricing
The prominent real estate group, DAMAC, has chosen Atomize as their Revenue Management Software (RMS) for its Paramount properties in Dubai.
Marriott International Set to Expand Its Middle East Footprint
Anticipated Expansion Plans Include the Addition of More Than 5,000 Rooms and the First Ritz-Carlton Reserve in the Region
MENA Power Projects 2022 focus on renewable energy that will dominate the $250 bn power projects landscape in the Middle East
The MENA Power Projects Forum starts today (September 07, 2022), at Conrad Abu Dhabi Etihad Tower, with more than 200 industry experts and government officials discussing on growing opportunities in the sector on the first day
