According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometrics (LE) state at the end of the second quarter of 2020, the hotel construction pipeline in the Middle East decelerated once again to 591 projects/169,538 rooms.
Hotel news in Saudi Arabia
Fairmont Hotels & Resorts, a luxury operator with more than 70 hotels globally, has announced the signing of two new luxury hotel developments in Morocco and the Kingdom of Saudi Arabia.
Choice Hotels International has announced the signing of a master development agreement with Equinox Ventures Ltd, a joint venture between Equinox Group Ltd. and Al Tayyar Travel Group, to introduce and develop three of Choice's most prominent brands: Clarion, Comfort and Quality across the UAE and Saudi Arabia.
From the Arabian Hotel Investment Conference (AHIC) in Dubai, Starwood Hotels & Resorts Worldwide has announced that it is on track to grow its portfolio in the Middle East to 100 hotels by 2020.
Emaar hospitality group marks expansion to Saudi Arabia with Vida Jeddah Gate and Vida Residences Jeddah Gate
Emaar Hospitality Group, the hospitality and leisure subsidiary of global developer Emaar Properties, has launched its first hotel and serviced residence property in Jeddah Gate. The 14 storey Vida Jeddah Gate hotel tower and the 25 storey Vida Residences Jeddah Gate tower are centrally located in Jeddah Gate, by Emaar Middle East.