INTERNATIONAL REPORT—Analysts at Lodging Econometrics (LE) report the construction pipeline trend for the Middle East shows 572 projects representing 156,420 rooms, up 12% by projects year-over-year.
There are 349 projects/100,485 rooms under construction, up 17% by projects YOY. Those scheduled to start construction in the next 12 months are at 113 projects/30,841 rooms, up 5%, while projects in early planning at 110 projects/25,094 rooms are up 3%.
The top hotel companies in the Middle East’s construction pipeline are: Marriott International 95 projects/22,767 rooms; Hilton Worldwide with 86 projects/24,197 rooms; and AccorHotels with 84 projects/24,838 rooms. The largest brand in the pipeline for each of the these companies is: Marriott’s Courtyard with 195 projects/3,998 rooms, Hilton’s full-service hotel with 28 projects/10,151 rooms and Accor’s Novotel with 14 projects/3,865 rooms.
The top countries in the Middle East construction pipeline are: Saudi Arabia with 198 projects/60,249 rooms, United Arab Emirates with 194 projects/55,264 rooms and Qatar with 59 projects/14,415 rooms. Cities in the Middle East with the largest pipelines are: Dubai, UAE with 145 projects/40,733 rooms, Riyadh, Saudi Arabia with 53 projects/10,425 rooms and Doha, Qatar with 55 projects/12,788 rooms.
In Doha, for example, Hilton Worldwide’s Conrad Hotels & Resorts brand has signed a management agreement with Assets Real Estate Development Co. for the 325-key Conrad Doha, expected to open in early 2019.
Located near C-Ring Rd. and the new Hamad International Airport, the hotel will offer 295 guestrooms and 30 suites, and feature almost 11,000 sq. ft. of event space, including a grand ballroom for corporate events and social occasions. Also on site will be spa and fitness facilities, as well as an outdoor swimming pool. Dining options will include seven restaurants and bars.