Middle-East Hotels Face Supply Glut According to PwC’s Middle East Hotel Forecast Report
This first edition of our Middle East cities hotel forecast is published amidst some of the fastest growing tourism and hotel markets in the world. There are six cities in this new Middle East econometric forecast - Abu Dhabi, Doha, Dubai, Jeddah, Muscat and Riyadh. All are important gateway or capital cities and/or business and tourism destinations.
This first edition of our Middle East cities hotel forecast is published amidst some of the fastest growing tourism and hotel markets in the world.
There are six cities in this new Middle East econometric forecast - Abu Dhabi, Doha, Dubai, Jeddah, Muscat and Riyadh. All are important gateway or capital cities and/or business and tourism destinations. Some are emerging as magnets for Meetings, Incentives, Conferences and Exhibitions (MICE), Mega Events and leisure/ shopping travelers. Some, including Dubai and Doha are heading at breakneck speed into the future. Dubai will host the Expo in 2020 and Qatar the FIFA World Cup in 2022. Although outside the parameters of this forecast, planning is already heavily underway and will mean significant new supply preparations.
According to the United Nations World Tourism Organisation (UNWTO), the Middle East was visited by 52 million international visitors last year. Travel is forecast to grow strongly over the next 10 years and the region will see robust demand for accommodation, according to a recent report from Oxford Economics and Amadeus.
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