UAE hotel development pipeline to grow to 48,000 keys by 2030 ...United Arab Emirates

The UAE’s hotel development pipeline has swelled to 48,000 keys, according to research carried out by Knight Frank. According to the consultancy’s latest analysis, the delivery of the planned hotel room supply is forecast to cost approximately US $32bn. Furthermore, it added that a growing number of international operators are rushing to be part of the world’s most successful hospitality markets. “The UAE’s world-leading hospitality market is set to expand by 25% by 2030, with a further 48,000 rooms adding to the nation’s extensive 200,000 key portfolio. Perhaps unsurprisingly, Dubai is set to account for the lion’s share of this total, with 76% of all new rooms coming to the emirate, which

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