Colliers International have released their MENA Quarterly Review on the hotels sector. The report includes new information on Saudi Arabia, United Arab Emirates, Kuwait City, Manama, Muscat, Amman and Cairo hotels, showing that the region is gearing up to accommodate increasing levels of tourists and passenger arrivals. The report refers to the changing tourism landscape in the region due to positive impact of the socio-economic reforms in Saudi Arabia, the opening of Muscat’s new international airport and the opening of several attractions in the UAE in the last year.

In the Kingdom of Saudi Arabia, Q1 2018 saw a 15% year on year increase in supply, with over 6000 keys expected to enter the market by FY 2018. The fastest growing markets are Jeddah and Mecca with estimates growth rates of over 20% until 2020. Key new openings in Q1 2018 include the Crowne Plaza RDC Hotel and Convention Centre, Radisson Blu Jeddah Corniche and the Park Inn by Radisson Dammam Industrial City.

Colliers firecast that branded hotel supply in Saudi Arabia will continue to improve. Image credit: Colliers International

In the UAE, nearly 1200 branded rooms opened in Q1 2018, mostly in Dubai and Abu Dhabi. Notable openings include the 315 keys in Pearl Rotana Abu Dhabi and the 432 keys Radisson Blu Dubai Waterfront. Of the 6800 keys in the 2018 forthcoming supply, Dubai is expected to add 67%, Abu Dhabi 13% and Ras Al Khaima 11%.

Branded hotel supply throughout the UAE is increasing. Image credit: Colliers International

For more information, see the full report on the Colliers International website.

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