Study reveals 600,000 hotel rooms in Middle East pipeline

Independent real estate consultants Knight Frank and marketplace insights provider STR have shared key hospitality investment insights ahead of the Future Hospitality Summit (FHS) taking place at Madinat Jumeirah in Dubai from 19 to 21 September 2022.

The Middle East has been at the forefront of hotel performance recovery throughout the pandemic according to data from STR, and that momentum continues in 2022 and beyond.

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According to Knight Frank, the successful management of mega events has proven to be a key driver in the growth in tourism and hospitality, with the UAE welcoming almost 24 million visitors to Expo 2020 Dubai."The region is going through a fascinating transformation in the hospitality sector, with over 600,000 hotel rooms in the planning and development stage."

For more information, visit www.futurehospitalitysummit.com