Over 150,000 pipeline hotel rooms in GCC, says report

Over 150,000 pipeline hotel rooms in GCC, says report

A total of 159,424 pipeline rooms are under contract in the Gulf at present, a report said, adding that Saudi Arabia is leading the GCC’s tourism development activities with a pipeline of 100,071 hotel rooms.

Dubai is the region’s second most active market with 27,095 rooms under contract, followed by Qatar (17,145), Oman (10,292), Bahrain (3,452) and Kuwait (1,369), according to data released by STR, a global provider of market data on the hotel industry.

Related opportunities and challenges will be placed under the microscope during the International Tourism & Investment Conference (ITIC) Middle East Tourism Investment Session at Arabian Travel Market (ATM) 2023, which will take place at Dubai World Trade Centre (DWTC) from May 1-4.

In addition to the ITIC panels, this year’s show will feature sessions highlighting industry-critical issues such as travel tech investment, the contemporary geopolitical landscape, urban regeneration, future markets, space tourism and more.

Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: “With nearly 160,000 hotel rooms under development across the GCC, this region is undoubtedly a global hotspot for industry investment right now. Thanks to the participation of ITIC and a host of other finance-related sessions, ATM 2023 represents the ideal forum for travel, tourism and hospitality