Complex Made Simple

ME hotel construction pipeline hits record

The construction pipeline for Middle East hotel developments hit a record high of 527 projects with 155,989 guestrooms at the end of Q1 2008, according to a report by US-based Lodging Econometrics. A cyclical high of 233 projects/66,775 rooms, or 43% of the total pipeline, are already under construction. Total project and room counts scheduled to start construction in the next 12 months peaked in Q4 2007, and declined slightly to 159 projects/45,529 rooms in Q1 2008, the study said.