Middle East Hotel Construction Pipeline Sees Growth in Q1 2024

Middle East Hotel Construction Pipeline Sees Growth in Q1 2024

By Nithyakala Neelakandan

Published on May 19, 2024

The latest report from Lodging Econometrics (LE) provides valuable insights into the thriving hotel construction landscape in the Middle East, particularly during the first quarter of 2024. Amidst evolving trends and increasing demand, the region experienced a notable 5% increase in projects year-over-year, culminating in a total of 612 projects encompassing 144,222 rooms.

As of Q1 2024, the Middle East showcases a robust construction scene, with 302 projects actively underway. Furthermore, 133 projects are slated to commence construction within the next 12 months, indicating a 28% increase in projects year-over-year. Additionally, the early planning stage witnessed significant growth, with 177 projects in the pipeline, marking an 18% increase from the previous year.

Top Countries:

Saudi Arabia emerges as a frontrunner in hotel development, boasting a record-high of 318 projects, while Egypt closely follows with an impressive count of 103 projects. These nations demonstrate substantial investment in the hospitality sector, reflecting their commitment to meeting the growing demand for accommodations.

Major Cities:

Within the Middle East, certain cities and provincial regions stand out for their burgeoning hotel construction pipelines. Provincial areas, alongside cities like Riyadh, Jeddah, and Cairo, boast the largest number of projects and rooms. This concentration highlights the strategic importance of these urban centers in catering to the region's diverse tourism needs.

Future Outlook:

Looking ahead, the Middle East's hospitality sector is poised for continued expansion, with LE forecasting the opening of 107 new hotels and 26,743 rooms by the end of 2024. Furthermore, an additional 101 new hotels with 26,743 rooms are anticipated to be operational by the close of 2025. These projections underscore the region's enduring appeal as a global tourism destination and signal ample opportunities for stakeholders in the hospitality industry.

The growth witnessed in the Middle East's hotel construction pipeline reflects the region's resilience and adaptability in meeting the evolving needs of travelers. As major events and cultural attractions continue to drive demand, developers are capitalizing on these opportunities to enhance the region's hospitality infrastructure, ensuring a memorable and comfortable experience for visitors from around the world.


Union Budget 2026: Foodlink CMD calls for tourism and GST reforms

Union Budget 2026: Foodlink CMD calls for tourism and GST reforms

By Hariharan U

Published on January 16, 2026

Sharing his expectations from the Union Budget 2026, Sanjay Manohar Vazirani, Chairman and Managing Director of Foodlink F&B Holdings (India) Limited, said the hospitality and foodservice sector today mirrors India’s evolving consumption story, shaped by rising disposable incomes, experiential spending, and renewed momentum in tourism and events.

Vazirani noted that sustained focus on infrastructure development, tourism promotion, and improved urban connectivity would create a strong multiplier effect for hospitality-led businesses. He said such measures would help India strengthen its positioning as a global destination for premium culinary and lifestyle experiences.

From an industry standpoint, he highlighted the importance of GST rationalisation, clearer compliance frameworks, and continued support for skill development. According to Vazirani, these steps would not only improve operating efficiencies but also reinforce employment generation across the hospitality and foodservice value chain.

He further added that measures aimed at easing access to credit, simplifying trade processes, and supporting Indian hospitality brands expanding globally would benefit the sector while contributing to a stronger, services-driven economy.

Vazirani emphasised that a growth-oriented Budget, one that balances fiscal discipline with consumption-led and tourism-driven growth, has the potential to significantly accelerate India’s hospitality and experiential economy in the years ahead.


Aircastle to Announce Third Quarter Financial Results

Aircastle to Announce Third Quarter Financial Results

By Manu Vardhan Kannan

Published on January 2, 2026

Aircastle Limited has announced that it will release its third quarter financial results for the period ended November 2025. The results will be made public before market hours, offering investors and industry stakeholders insights into the company’s recent performance.

Alongside the announcement, Aircastle’s management will host a conference call to discuss the financial results and provide updates on business operations. The call will be open to all interested participants, including analysts, investors, and members of the public.

Participants will be able to join the live conference call by dialing the designated toll-free or international access numbers. Callers are advised to join a few minutes early and reference the company name, “Aircastle,” when prompted by the operator.

A simultaneous webcast of the conference call will also be made available on a listen-only basis through the company’s official website. Listeners are encouraged to visit the website in advance to ensure that any required software is installed for uninterrupted access.

For those unable to attend the live session, a replay of the webcast will be available on Aircastle’s website shortly after the conclusion of the conference call, allowing stakeholders to review the discussion at their convenience.


SKA Arcadia Strengthens Retail Mix with Bercos, The Barbeque Company & Domino’s at Wave City

SKA Arcadia Strengthens Retail Mix with Bercos, The Barbeque Company & Domino’s at Wave City

By Author

Published on December 28, 2025

SKA Group has announced the addition of three popular food and beverage brands—Bercos, The Barbeque Company, and Domino’s—to the retail portfolio of SKA Arcadia, its flagship commercial development in Wave City, Ghaziabad. The new brands will occupy a combined area of over 14,500 sq. ft., further enhancing the project’s appeal as a high-potential neighbourhood retail destination.

Strategically positioned at the main entrance of Wave City on NH-24, SKA Arcadia benefits from excellent connectivity to Ghaziabad, Indirapuram, and surrounding premium residential catchments. Its location, coupled with a thoughtfully curated tenant mix, continues to position it as one of the region’s most attractive emerging commercial hubs.

Commenting on the development, Sanjay Sharma, Director, SKA Group, said that SKA Arcadia has been envisioned as a neighbourhood centre offering everyday convenience, quality dining, and a strong sense of community. He added that the inclusion of Bercos, The Barbeque Company, and Domino’s reflects the group’s focus on curating brands aligned with evolving consumer lifestyles, while creating a vibrant ecosystem where both retailers and customers can thrive as Wave City continues to grow.

The newly signed brands join established anchor tenants such as Haldiram’s, which occupies over 11,000 sq. ft. at the development. With these additions, SKA Arcadia further strengthens its positioning as a modern, experience-driven commercial destination designed for high footfall, convenience, and long-term value creation.

Spread across 2 acres, SKA Arcadia is a signature high-street commercial development featuring five floors of retail and dining spaces. The project offers premium amenities including fine dining restaurants, a food court, escalators, elevators, multi-level mechanical parking, power backup, and high-speed Wi-Fi, and is registered under RERA number UPRERAPRJ228610/03/2025.

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