HVS: Middle East to get 86,000 new hotel rooms by 2020

Global hospitality consultancy HVS expects the Middle East to see an additional 86,000 hotel rooms open by 2020.

The region currently has 130,000 rooms and 11,000 rooms that have not been assigned completion dates, according to HVS' “2015 Middle East hotel survey peak assessments” report. 

Most of the new inventory in the region is in Saudi Arabia, where 38,000 hotel rooms are expected to come online, bringing the total to 59,000. The kingdom is followed by the UAE, with around 26,000 rooms being planned and built.

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Dubai is targeting between 140,000 and 160,000 rooms to accommodate 20 million visitors per year by 2020, according to the Department of Tourism and Commerce Marketing (DTCM). The emirate is developing leisure facilities, which will attract more tourists, including Dubai Parks and Resorts, a theme park that is set to open in October next year, and Six Flags, slated to open in 2017.

Hilton Worldwide has the biggest pipeline in the region with 20,000 rooms under development.