financeSkift··1 min·For: Investor, Owner, GM
Saudi Arabia and Egypt Drive Middle East Hotel Construction Boom
Middle East hotel construction surged to a record 724 projects in Q2, with Saudi Arabia and Egypt leading growth despite regional geopolitical headwinds.
Key Takeaways
- 1Regional hotel pipeline hit a record 724 projects and 178,003 rooms, up 11% year-over-year.
- 2Developers are focusing on long-term structural growth in Saudi Arabia and Egypt, with the UAE trailing.
- 3Major operators like IHG report up to 90% of their regional pipeline concentrated in Saudi Arabia, Egypt, and Turkey.
Source: Skift
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