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Analysts at Lodging Econometrics (LE) state in the 2019 year-end report that the hotel construction pipeline in the Middle East stands at 618 projects/178,384 rooms, compared to 622 projects/181,813 rooms at the end of 2018.

Up to 75 million jobs are at immediate risk in global travel and tourism due to the coronavirus pandemic, according to the World Travel & Tourism Council (WTTC).

Total tourism and leisure industry deals for December 2019 worth USD5,68 billion were announced globally, according to GlobalData’s deals database.

The number of Chinese tourists travelling to the GCC is expected to increase 54 percent from 1,4 million in 2018 to 2,2 million in 2023, growing at a Compound Annual Growth Rate (CAGR) of 4,8 percent, according to data published ahead of Arabian Travel Market (ATM) 2020.

Total tourism and leisure industry deals for September worth USD8,96 billion were announced globally, according to GlobalData’s deals database.

A new study released at the Africa Hotel Investment Forum (AHIF) by food and beverage (F&B) strategy and design firm KEANE, forecasts that 700 new hotel restaurants and bars will be opened in Africa by 2025, in internationally branded hotels.