This report presents the trends in hotel development costs across key markets in the Middle East. It highlights the current development costs for different hotel classifications and discusses the various factors that affect changes in these costs.
The 2022 World Cup commitments & the 2030 National Plan vision, Doha’s hospitality sector continues to undergo major transformation. The article provides an in-depth overview of Doha hotel market, incorporating a performance forecast up to 2016.
After reaching the milestone of 1 billion US$ generated revenue in 2012, Oman’s tourism sector has much to look forward to in the upcoming years, particularly with the development of major projects such as the Omagine,The Wave, Jebel Sifah and OCEC.
The Kurdistan Region is a federated region in Northern Iraq consisting of three main governorates, Erbil, Sulaymaniyah, and Duhok.
Strategically located within proximity of major routes between Asia and Europe, Ras Al Khaimah has witnessed rapidly accelerating economic growth during recent years, with the hospitality sector reaching new milestones year on year.
The 2013 Middle East Hotel Survey provides market aggregate, key performance indicators reinforcing the resilience of the region, moreover offering investors an indication of maximum supportable development costs when undertaking hotel investments.
Recent macroeconomic figures suggest a growth in GDP resulting in further strengthening of the country’s economy. The Dubai hotel market witnessed a significant increase in performance wherein some submarkets recorded double-digit RevPAR growth.
Cairo Sharm El Sheikh, Before and After examines the episode between 2011 and 2012. The hospitality sector in Egypt endured the backlash and the repercussions of the infamously titled Arab Spring, with the hotel sector being one of the hardest hit.
2012 was a year of change, from an economic, political and social perspective. Newly elected and re-elected leaders sought to reform and revive, while international visitation fluctuated as a result of the rehabilitation of certain destinations.
Evolving visitation trends and positive growth in Al-Khobar's hotel market present strong investment opportunities in underdeveloped asset classes such as budget hotels and quality branded serviced apartments.