UAE hotel pipeline swells to 48,000 rooms

UAE hotel pipeline swells to 48,000 rooms

Dubai: The UAE’s hotel development pipeline has swelled to 48,000 keys, according to research carried out by global property consultancy, Knight Frank.

The delivery of the planned hotel room supply is forecast to cost approximately US$ 32bn, according to Knight Frank’s analysis.

Regional hospitality superstar

Faisal Durrani, Partner – Head of Middle East Research, Knight Frank, said: “The UAE’s world-leading hospitality market is set to expand by 25% by 2030, with a further 48,000 rooms adding to the nation’s extensive 200,000 key portfolio. Perhaps unsurprisingly, Dubai is set to account for the lion’s share of this total, with 76% of all new rooms coming to the emirate, which already boasts over 130,000 rooms. This stockpile of hotel rooms is already higher than cities like London or New York.

“The emirate has cemented its status as a city with universal appeal, in large part to the world-leading government response to the pandemic and some of the world’s most visited and incredible attractions. The accolades for Dubai keep coming Trip Advisor’s most popular destination for 2022, the world’s busiest international airport and the highest hotel occupancy in the world, all of which strongly pointing to room for further growth and expansion of this all-important pillar in