UAE's hotel construction pipeline set to peak in 2018

New report says 58 new hotels are set to open in the UAE in 2018; currently 183 projects in pipeline
UAE's hotel construction pipeline set to peak in 2018
By Staff writer
Tue 26 Jul 2016 01:33 PM

The UAE's hotel construction pipeline is forecast to peak in 2017 and 2018 as the country gears up for the World Expo event in 2020.

According to a new report by TOPHOTELPROJECTS, there are 183 hotel projects and 54,000 hotel rooms in the UAE pipeline.

The hotel construction report prepared for The Hotel Show Dubai 2016 reveals that the majority of the new hotels are expected to open before 2020.

The busiest years are forecast to be 2017 (56 project openings) and 2018 (58 project openings).

Hotels opening in this time include Paramount Hotel Dubai (2017), Hard Rock Hotel Abu Dhabi (2017), Citymax Hotel Ras Al Khaimah (2017) and Marriott Dubai Jumeirah (2018).

Thomas van Vliet, CEO of Paramount Hotels & Resorts said: "Paramount Hotel Dubai, expected to open by the end of 2017, will be the first ever Paramount Hotels & Resorts property as well as the operator's UAE flagship hotel.

"The hotel, part of a mixed use complex also housing 1,197 serviced residences, offers a luxurious experience with a Californian edge and Hollywood vibe, housing 823 guest rooms and suites, some of which are themed after Paramount Pictures movies."

The company also has three more projects underway in Dubai, with a total of 1,383 keys.

Dubai and Abu Dhabi continue to lead in hotel construction across the UAE with a combined 155 hotel projects and 47,619 rooms in the pipeline.

Other Emirates with hotel construction underway include Sharjah with 6 projects (959 rooms) and Ras Al-Khaimah with 5 projects (1,847 rooms), the report said.

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