The Middle East and Africa (MEA) hotel development pipeline comprises 491 hotel buildings, which gives a total of 120,795 rooms, according to the June 2013 STR Global Construction Pipeline Report. The total active hotel pipeline data includes projects in the "in construction", "final planning" and "planning" stages, but does not include projects in the 'pre-planning' stage.

Among the region's key markets, Dubai, has the largest number of rooms under construction with 10,391 rooms. In five other markets, more than 1,000 rooms were reported to be under construction, such as Riyadh (5,598 rooms); Abu Dhabi (3,727 rooms); Jeddah (2,213 rooms); Cairo (1,744 rooms); and Amman (1,547 rooms).

 

In January of this year, Dubai's occupancy rates topped an average of 89.6 percent, according to TRI Hospitality Consulting - an average increase of 4.2 percent on the previous year. This is typically the busiest month in the region. Several hotels including Sofitel Palm Jumeirah, Anantara Royal Amwaj and Oberoi Business Bay are yet to be completed.

 

More recently, Riyadh's declining hotel performance has stabilized after hitting a much lower 57 percent last year. An influx of new properties across the Middle East is set to dramatically affect performance.

 

Meanwhile, online hotel bookings are steadily gaining popularity in the Middle East as more consumers in the region use the Internet to search for affordable hotel rates. In 2012, hotel bookings from the GCC region totaled US$1.6 billion, 10 percent of which were made online according to PhoCus Wright's Middle Eastern Online Travel Overview.

 

Hotels across the UAE are well aware of their guests' growing preference for online bookings. In Abu Dhabi, the newly-launched Nehal Hotel reported that nearly half of their rooms were now booked online.

 

Samer Al Kabalan, General Manager of the Nehal, said "the online travel industry in the Middle East is growing at a rapid pace. So far this year we have seen 45 percent of our bookings come from online sites."

 

Wael El Behi, General Manager, Ramada Downtown Dubai, a property situated near the Burj Khalifa, said: "Year to date as of end of June, 39 percent of our business mix is coming from the online segment which represent 46 percent of our revenue mix."

 

With hundreds of hotel websites now available, consumers today face an overwhelming abundance of choice. To further complicate matters, these sites often post different rates for the same hotel, causing users to spend hours comparing prices online.

Saudi Gazette

21 July

UAE أخبار

GCC food import bill to touch $53.1 billion by 2020

The restrictions imposed by agriculture producing countries on the export of food grains have caused an estimated over $50bn over the last four to five years.

 

Due to the controls on food exports, the wheat importing countries must have caused an extra payment of $21.5bn and rice importing countries must have paid at least an additional $19bn after the producing countries imposed restrictions on the exports.

 

Dubai's Bid for Expo 2020 in numbers

20 million visitors are expected to make 33 million trips to the site

Qatar to invest $200bn into construction by 2022

Qatar plans to invest over $200 billion in construction projects by 2022, a recent Deloitte report has found, as the Gulf Arab country gears up to meet the demands of the 2022 World Cup and beyond.

Food sales to exceed $70 billion in Saudi Arabia

Food sales in Saudi Arabia are expected to be worth almost $70 billion by 2016, with food consumption growing at a CAGR of 2.6 per cent from 2012 to 2017.

Saudi Arabia is the region’s biggest food consumer and, according to Alpen Capital, will account for 60 per cent of total consumption by 2017.


While Saudi Arabia is also the region’s largest food producer, representing 74.1 per cent of total production in the GCC, it imports more than $14.2 billion worth of food and beverage products each year to meet its consumption demands. According to BMI’s recent Q1 2013 report this will rise to $35.2 billion by 2020.

Ashghal to award $329.5 million contracts for healthcare projects

Qatar’s Public Works Authority (Ashghal) announced on Wednesday that it would award work contracts worth $329.5 million for seven major projects, including new health centres and additional operation theatres at the Hamad General Hospital.

 

The projects are part of Ashghal’s ambitious $3.90 billion plans for 2013/2014 to develop 124 building projects across Qatar, a report in Gulf Times, a local Doha based newspaper, said.

 

Construction in Qatar to grow by 19%

The Middle East's construction sector, including Qatar, has been forecast to grow by 19 percent in 2013, with the combined value of completed projects set to reach $81.6bn. And projects worth $64.5bn are set to be awarded before the end of the second half of the year, according to Aldes Middle East, a leading provider of firefighting and ventilation solutions. Given Qatar's immense growth potential of the construction and real estate sector, the company has stepped up its expansion initiative with the planned opening of a new office in Doha.

ifpinfo

5 September

شركاء

 

 

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