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Since almost half of the projects now in the pipeline are scheduled to be completed next year, the rate of hotel building in Saudi Arabia is anticipated to practically triple in 2023.
The next year will see around 63,753 rooms in the database coming online, up from the 9,207 keys from this year’s projects, with approximately 80 new hotels to be completed.
The next year will see around 63,753 rooms in the database coming online
Similar data, recently revealed by global hospitality analytics provider STR, indicates that Saudi Arabia led the Middle East in new hotel construction by the end of the second quarter of 2022, with some 37,654 rooms being created.