Tag: Middle East

Finance and Development, Real Estate

Hotel Development in the Middle East is Ramping Up As Investors Begin to See Opportunity in the Region Again

February 23, 2023

Via: Hotel News Resource

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 […]


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

September 7, 2022

Via: Hotel News Resource

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 […]

Finance and Development, Trends

European Hotel Profit Tops 2019 Levels

August 5, 2022

Via: Hospitality Net

It’s been a rollercoaster ride, but Europe’s hotels are now back to pre-pandemic profit levels, with gross operating profit per available room (GOPPAR) hitting €95.28 in June 2022, slightly higher than the same month in 2019, according to the latest […]


Business Traveller Middle East Awards 2022

May 16, 2022

Via: Hospitality Net

Mr. Nasser Al Nowais, Chairman of Rotana, was presented with the Lifetime Achievement Award on 9 May at the Business Traveller Middle East Awards 2022. Exemplifying his commended leadership credentials, Al Nowais is the first person to receive the illustrious […]

Finance and Development, Markets

Middle East Travel & Tourism sector expected to create 3.6 million new jobs within the next decade

May 10, 2022

Via: Hospitality Net

The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals the Travel & Tourism sector in the Middle East is expected to create nearly 3.6 million new jobs over the next decade. The forecast from the World Travel […]


Business travel spend set to reach two thirds of pre-pandemic levels by 2022, reveals new report from WTTC

November 2, 2021

Via: Hospitality Net

Worldwide business travel spending looks set to rise by more than a quarter this year and reach two thirds of pre-pandemic levels by 2022, according to the World Travel & Tourism Council (WTTC). The forecast comes in a major new […]

Finance and Development, Markets

WTTC Reports Middle East Travel & Tourism Sector Set to Recover by over a Quarter This Year

October 27, 2021

Via: Hotel News Resource

New research from the World Travel & Tourism Council (WTTC) reveals the Middle Eastern Travel & Tourism sector should grow by 27.1% this year, slightly behind the global average of 30.7%. WTTC, which represents the global Travel & Tourism private […]

Finance and Development, Markets

Hotel Transactions Pace Stagnates Across Middle East Markets

September 27, 2021

Via: Hospitality Net

During the pandemic, hardly any foreign direct investment has entered the Middle East, and the usual truism remains: When foreign private equity does appear, it is because the market has bottomed out or distress has entered the landscape. Heightened competition […]


Making up for lost time: How luxury travel in the Middle East is changing post COVID-19

September 14, 2021

Via: Hospitality Net

For the first time, AHIC will house the four close-knit investment communities of the Arabian Hospitality Investment Conference (AHIC), Saudi Arabia Hospitality Investment Conference (SHIC), Africa Hotel Investment Forum (AHIF) and the Global Restaurant Investment Forum (GRIF) under one roof. […]

Finance and Development, Markets

Hotels in the Middle East And Africa Report Unprecedented Performance Lows for April 2020

May 26, 2020

Via: Hotel News Resource

Showing the impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during April 2020, according to data from STR. U.S. dollar constant currency, April 2020 vs. April 2019 Middle East Occupancy: -58.0% to […]

Finance and Development, Financial, Hotels

Middle East looks to tourism

February 17, 2020

Via: Hotel Management

More than $23bn-worth of hotel construction contracts were due to be awarded in the Middle East and North Africa between now and 2023, according to MEED Projects. The company said that, in the final quarter of last year, development was […]

Finance and Development, Financial, Markets

Hotels in the Middle East Report Mixed Results for 2019

January 23, 2020

Via: Hotel News Resource

Hotels in the Middle East reported mixed 2019 performance results, while hotels in Africa posted positive results across the three key performance metrics, according to data from STR. U.S. dollar constant currency, 2019 vs. 2018 Middle East Occupancy: +2.3% to […]