MENA’s Hospitality Industry is set to add 317 new builds in 2017!

dubai

The world is slowly getting smaller and hospitality industry has seen substantial growth worldwide. More and more people have made it essential to take R&R breaks if not every few months than at least once every year. A lot of people travel daily for business and families are way too much into spending some good times with the loved ones. Since the globalization has taken its course, families look for new destinations every time they want to break the monotony. Parents are busier than ever and holidays are the only times, they can create lifetime memories.

The Middle East and Africa region have become one of the biggest tourist/ business destination, higher demand of travelers have convinced the bigger key players to invest more into these countries and meet the expectation of their world class hospitality.

At the end of the first quarter 2016, there were 676 hotel establishments in the city, with a total number of hotel rooms and hotel apartments equalling 98,949.

According to the reports by STR Global and DTCM, MENA will welcome 316 new builds in 2017, opening the doors to 84,337 new rooms for tourists! U.A.E alone will get 59 hotels in 2017, Saudi Arabia close behind with 51, Turkey with 28, Qatar with 18 and Morocco with 17

Dubai and Riyadh top being the busiest cities in MENA region. World’s largest hotel with 10,000 rooms is coming up in Makkah.

Zanzibar, Seychelles, Mauritius, Morocco and South Africa stay the preferred destination for travelers. Kenya is such a precious gem with pristine white sand beaches and wildlife safari but still compensating the terrorist attack they had in Nairobi. Similarly, with Egypt, hope it gets quieter and these destinations flourish once again.

It was reported that in the first quarter 2016, 1,500 new hotel rooms and serviced apartments were added to Dubai hospitality market, with the major developments being Ibis Styles in Dubai International City, Ibis One Central in World Trade Centre, Four Seasons in Dubai International Financial Centre and Wyndham Hotel Dubai Marina.

Dubai’s hospitality industry is set for a busy time ahead as hotel operators are expected to open more than 35,000 new rooms between 2015 and 2020. Dubai currently has 65,000 hotel rooms and it is going to reach 100,000 Hotel Rooms for World Expo 2020 which is expected to bring more than 25 million people to Dubai.

By 2017, Dubai hotels will experience the “busiest” time, with 30 projects slated for opening.  Some of the high-profile luxury properties, the first fully solar-powered Hotel indigo in Sustainable City, the luxurious urban resort by Mandarin Oriental and the Bulgari luxury hotels, are due to debut in the emirate in 2017-2018.

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