“The Middle East hotel construction pipeline hit an all-time high in the second quarter of 2023 with 597 projects and 146,521 rooms, up 10 percent and 5 percent, respectively, year-over-year (YoY), US-based global hotel intelligence provider Lodging Econometrics said in a report. Projects under construction stand at 330 projects with 90,619 rooms at the close of the second quarter. Projects scheduled to start construction in the next 12 months increased 17 percent YoY to 102 projects with 23,909 rooms.”

[Zawya]