Despite the pandemic headwinds that the global hospitality industry has had to contend with, new hotel development in prime spots in Saudi Arabia, Qatar, Oman and the UAE remains substantial.
The UAE hospitality market saw a growth in occupancy in the first quarter of the year of 24 per cent, with Dubai and Sharjah observing the highest growth in occupancies.
This can be attributed to increased demand during the winter holidays. Looking across the Middle East, demand in Kuwait City, Manama, Muscat, Doha and Amman has “recovered extensively” in Q1 2022. Doha experienced the most significant uplift in hospitality performance, partially due to the increase in exposure generated by the upcoming FIFA World Cup Qatar 2022 tournament.