New LE Report: Middle East Record-High New Hotel Openings

According to the 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 the Middle East is ramping up as investors begin to see opportunity in the region again. New project announcements (NPA) in the region continued to trend upward throughout 2022, closing the quarter at 67 projects/19,837 rooms and increasing 56% YOY. Additionally, the Middle East had a record number of new hotels open in the fourth quarter, closing out the year with 81 new hotels opened in 2022, accounting for 17,736 rooms. ..Link directly to source New LE Report: Middle East Record-High New Hotel Openings

The Team

at LEADING HOTELIERS NETWORK / JOB LEAD SERVICE