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.
Continued involvement from the Seychelles Tourism Board and limited supply in the pipeline will enable the Seychelles hotel market to rebound in 2012 from contractions witnessed in preceding years.
Ambitious investments in tourism infrastructure and the continued development of the Jeddah leisure and commercial areas will allow the hotel market to perform well throughout the rest of 2012/2013 and in the near future.
With considerable supply expected to saturate the market over the next ten years, government initiatives and a continued involvement in global sporting events and major exhibitions will ensure the sustainability of Doha’s hotel and tourism sector.
Despite that growth in tourist arrivals and hotel supply has been relatively slow in Muscat when compared to neighbouring cities, HVS remains confident that the hotel market in Muscat has the potential to further grow & attract additional visitation.
The 2012 Middle East Hotel Survey highlights regional macroeconomics, visitation characteristics, performance indicators and major developments, reinforcing the resilience of the region, poised for recovery and development despite the Arab Spring.
The Middle East Hotel Survey 2011 includes 352 hotels and some 93,500 hotel rooms (an increase of 36% on last year) across 52 cities in the Middle East, making it one of the most reliable benchmarking surveys in the region.
In this article we take a brief look at the investment potential of the Syrian tourism market with special emphasis on Damascus as hoteliers and investors gear up to enter Damascus and other Syrian cities in search of new opportunities.
HVS’s Middle East Hotel Survey for 2010 covers 259 hotels totaling 68,888 rooms. This year, we have included for the first time some additional submarkets, notably in the UAE, Kingdom of Saudi Arabia and Egypt.