Middle East Hotel Boom: GCC Sees Record Occupancy as Luxury Brands Tap Saudi Pipeline

Hotels in the Middle East performing very well with highest occupancy rates globally, especially in GCC countries like Qatar, UAE, and Saudi Arabia.
Massive pipeline of new hotel projects in Saudi Arabia, UAE, and Egypt - over 150,000 new hotel rooms.
Makkah, London, and Dubai have the largest hotel development pipelines globally.
Luxury hotel brands heavily investing in new projects in Saudi Arabia.
Data measurement in hospitality crucial for operational efficiencies, tracking progress, guiding strategies, and adapting to evolving regulations.

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Relevant topic timeline:

9/24/2023

Saudi Arabia, UAE and Egypt Lead $1.7 Trillion Tourism Investment in Middle East

The Middle East is undergoing a significant transformation with $1.9 trillion worth of hospitality and residential projects, led by Saudi Arabia, the UAE, and Egypt, aiming to attract 160 million tourists annually by 2030.

9/25/2023

Middle East Hotels See Revenue Rebound, Though F&B Share Declines

The Middle East hotels' food and beverage segment contributes significantly to revenue, with about 40% of hotel revenue in the region being generated from beverage sales, according to industry experts at the Future Hospitality Summit in Abu Dhabi. However, there has been a decline in food and beverage profitability due to increased competition from dining options outside of hotels and challenges in hiring high-quality staff.