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According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometrics (LE) state at the end of the third quarter (Q3) of this year, the hotel construction pipeline in the Middle East declined again to 579 projects/168,042 rooms. The Middle East’s pipeline is down seven percent by projects and six percent by rooms year-over-year (YOY). This is the fifth consecutive quarter the pipeline has declined since reaching its cyclical peak by projects in Q2 2019.
Visit Maldives Ran a Radio Promotion for the Middle EastIn adherence to the ongoing ‘Rediscover Maldives...the sunny side of life’ campaign, Visit Maldives ran a radio promotion with Al Khaleejiya for the Middle Eastern region. Saudi Arabia is showing the strongest recovery in Middle East, with advance hotel booking steadily rising, as per latest report by hotel connectivity expert eRevMax. H.E. Ahmed Al-Khateeb, minister of tourism, Saudi Arabia, on September 16 announced that the establishment of the UNWTO Regional Office for the Middle East in Riyadh, Saudi Arabia has been approved by UNWTO executive council members.
Decline in Q2 for the Middle East Hotel Construction Pipeline
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