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According to Lodging Econometrics’ (LE) Construction Pipeline Trend Report for the Middle East, at the end of this year’s first quarter (Q1), the region’s hotel construction pipeline stands at 536 projects/138,915 rooms, unchanged by project counts and down nine percent by rooms year-over-year (YOY).
ME Hotel Construction Pipeline Project and Room Counts Drop Q2According to the latest Construction Pipeline Trend Report for the Middle East, research analysts at Lodging Econometrics (LE) state at the end of the second quarter (Q2) of this year, the hotel construction pipeline in the Middle East declined once again to 531 projects/152,448 rooms. According to the latest published Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the hotel construction pipeline in the Middle East declined again to 542 projects/156,921 rooms.
The Middle East Hotel Construction Pipeline Continues to Decline
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