Dubai, United Arab Emirates According to new research commissioned by Arabian Travel Market (ATM), and conducted at the end of September 2022 by hotel market intelligence and global benchmarking company STR, the GCC region now has over 170,000 hotel rooms under active development (planning, final planning & under construction). This is equivalent to 40% of the GCC’s existing hotel room inventory, a figure almost four times greater than the rest of the world which currently lags behind at an average of 11% under active development compared with existing supply. Danielle Curtis,…
Active GCC Hotel Development Pipeline Now Equal to 40 Percent of Existing Room Supply, Compared with 11 Percent Globally
