According to the Q3 2023 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the third quarter, the hotel construction pipeline in the region stands at 585 projects/139,582 rooms. Project counts in the region are up 9%, while room counts show a 3% increase year-over-year (YOY).
Projects presently under construction stand at 320 projects/83,760 rooms. Projects scheduled to start construction in the next 12 months stand at 103 projects/24,041 rooms, up 18% by projects and 11% by rooms YOY. Projects in the early planning stage stand at 162 projects/31,781 rooms, up 27% and 22%, respectively, YOY.
