image credit: Rawpixel

Hotel Investment Outlook Reveals 600,000 Hotel Rooms Planned and Under Development in the Middle East

September 7, 2022


Knight Frank, an independent global real estate consultant, and STR, a provider of benchmarking data and market insights for the hospitality industry, shared key insights into hotel investing ahead of the Future Hospitality Summit (FHS) to be held at Madinat Jumeirah in Dubai from September 19 to 21, 2022.

Projected to meet – and potentially exceed – pre-pandemic levels of more than 100 million tourist arrivals and more than $270 billion in revenue contribution in 2022, according to data from Knight Frank, the travel and tourism industry tourism in the Middle East has all the positive indicators to reach the target of 160 million tourists in 2030, driven by the region’s giga projects which will open up even more amazing tourist destinations and further boost travel and tourism.

Read More on Hotel News Resource