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
What’s leading hotel construction projects in the Middle East?
The total hotel construction projects in the Middle East stand at 545 projects/140,055 rooms, up 3% by projects year-over-year (YOY).
Global adventure tourism market to grow by $2.5 billion
The global adventure tourism is poised to grow by $2.50 tn during 2022-2026, accelerating at a CAGR of 38.87% during the forecast period.
Riyadh hotels reported higher occupancy in June
Riyadh’s hotel industry reported higher occupancy than the month prior, but lower room rates.
Dubai hotels profitability levels seven times higher than 2019
Among key hotel markets in the Middle East, Dubai’s GOPPAR came in seven times higher than the 2019 comparable.
Saudi Arabia’s Tourism to gain fastest growth in the Middle East
Employment in the sector set to double by 2032.
Jeddah hotels reported highest performance since September 2019
Jeddah’s hotel industry reported its highest performance levels since September 2019.
Turning point for tourism
UNWTO Executive Council looks beyond recovery.
Middle East hotel construction pipeline stalled
72% of the projects in the Middle East are in the top three high-end chain scales of luxury, upper upscale, and upscale.
