There are more than 170,000 hotel rooms under construction in the GCC region, a report by STR research institution showed.
This is equivalent to 40% of the GCC’s existing hotel room inventory, a figure almost four times greater than the rest of the world, which currently lags behind at an average of 11% under active development, compared with existing supply.
The report estimates 135,560 existing rooms in Saudi Arabia, with an active pipeline of 82,639 rooms. In addition, a total room inventory of over 218,000 projected for 2030.
Similarly for the UAE, STR currently tracks more than 202,000 existing rooms, with an active pipeline of 48,910 rooms, a combined total of almost 251,000 rooms by 2030.
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