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The Middle Eastern Hotel Sector - November 2015

The Middle Eastern Hotel Sector - November 2015

“Economy and midscale hotels offer the best opportunities for development in much of the Middle East. Otherwise, there is increasing risk of oversupply – especially in Dubai, Qatar and Saudi Arabia.”

This report looks at the following areas:

How are macroeconomic developments expected to impact the region’s hotel sector in the coming years?
What has been the recent trend in hotel performance in the region and what is the current outlook?
Which markets offer development opportunities and for what type of hotels?
Which markets are heading for oversupply?
Who are the key players in the Middle Eastern hotel market and what are their prospects?


INTRODUCTION
DATA SOURCES
OVERVIEW
OUTLOOK FOR SPENDING ON TRAVEL AND TOURISM
Figure 1: Spending* on travel and tourism in the Middle East, 2014 & 2025
Spending on domestic travel
Figure 2: Trend in real* spending on domestic travel in selected Middle Eastern countries, 2014-25
Spending on leisure travel
Figure 3: Trend in real* spending on leisure travel in selected Middle Eastern countries, 2014-25
Spending on business travel
Figure 4: Trend in real* spending on business travel in selected Middle Eastern countries, 2014-25
Incoming receipts
Figure 5: Trend in real* incoming receipts, by selected Middle Eastern country, 2014-25
RECENT TREND IN MIDDLE EASTERN HOTEL PERFORMANCE
Figure 6: Hotel occupancy in major Middle Eastern markets, 2010-14
Figure 7: Average daily rates for hotels in major Middle Eastern markets, 2010-14
Figure 8: RevPAR in major Middle Eastern Hotel markets, 2010-14
INDIVIDUAL COUNTRY HOTEL MARKETS
BAHRAIN
Hotel performance
Figure 9: Performance of Bahrain’s hotel sector, January-August, 2014-15
Hotel supply
Figure 10: Bahrain’s hotel stock, 2010-13
EGYPT
Russians still dominate incoming
Hotel performance
Figure 11: Performance of the Egyptian hotel sector, January-August, 2014-15
Hotel supply
Figure 12: Egypt’s hotel capacity: hotels and rooms, 1989-2014
Figure 13: Breakdown of Egypt's hotel supply, by grade: hotels and rooms, 2014
Cairo
Hotel performance
Figure 14: Performance of Cairo’s hotel sector, January-August, 2014-15
Hotel supply
Figure 15: Forecasted growth in rooms in three-, four- and five-star hotels in Cairo, Q2 2014-FY 2017
Sharm el-Sheikh
Hotel performance
Figure 16: Recent trend in Sharm el-Sheikh hotel performance, Q2 2013-year-end 2015
Hotel supply
Figure 17: Forecasted growth in rooms in three-, four- and five-star hotels in Sharm el-Sheikh, Q2 2014-FY
2017
Hurghada
Hotel performance
Figure 18: Recent trend in Hurghada hotel performance, Q2 2013-year-end 2015
Hotel supply
Figure 19: Forecasted growth in rooms in three-, four- and five-star hotels in Hurghada, Q2 2014-FY 2017
Alexandria
Hotel performance
Figure 20: Recent trend in Alexandria's hotel performance, Q2 2013-year-end 2015
Hotel supply
Figure 21: Forecasted growth in rooms in three-, four- & five-star hotels in Alexandria, Q2 2014-FY 2017
JORDAN
Hotel performance
Figure 22: Performance of the Jordanian hotel sector, January-August, 2014-15
Hotel supply
Figure 23: Jordan’s lodging capacity by type of accommodation, 2015
Figure 24: Jordan’s lodging-sector employees, by type of accommodation, 2015
Amman
Hotel performance
Figure 25: Performance of Amman’s hotel sector, January-August 2014-15
Hotel supply
Figure 26: Amman's lodging capacity, by type of accommodation, 2015
Figure 27: Amman’s lodging employees, by type of accommodation, 2015
KUWAIT
Hotel performance
Figure 28: Performance of Kuwait’s hotel sector, January-August 2014-15
Hotel supply
LEBANON
Hotel performance
Figure 29: Performance of Lebanon’s hotel sector, January-August 2014-15
Hotel supply
Beirut
Hotel performance
Figure 30: Performance of Beirut’s hotel sector, January-August 2014-15
Hotel supply
OMAN
Hotel performance
Figure 31: Performance of Oman's hotel sector, January-August 2014-15
Hotel supply
Hotel projects worth US $3.3 billion
Muscat
Hotel performance
Figure 32: Performance of Muscat's hotel sector, January-August 2014-15
QATAR
Hotel performance
Figure 33: Performance of Qatar’s hotel sector, January-August 2014-15
Doha
Hotel performance
Figure 34: Performance of Doha's hotel sector, January-August 2014-15
Hotel supply
Figure 35: Percentage share, by grade of hotel, 2012-30
SAUDI ARABIA
Figure 36: Key indicators for Saudi Arabian tourism, 2014, 2015 & 2020
Hotel performance
Figure 37: Performance of Saudi Arabia’s hotel sector, January-August 2014-15
Hotel supply
Figure 38: Saudi Arabia’s accommodation sector, 2015
Jeddah
Hotel performance
Figure 39: Recent trend in Jeddah’s hotel performance Q2 2013-year-end 2015
Hotel supply
Figure 40: Forecasted growth in rooms in three-, four- and five-star hotels in Jeddah, Q2 2014-FY 2017
Riyadh
Hotel performance
Figure 41: Performance of Riyadh’s hotel sector, January-August 2014-15
Hotel supply
Figure 42: Forecasted growth in rooms in three-, four- and five-star hotels in Riyadh, Q2 2014-FY 2017
Makkah
Growth prospects not impacted by recent tragedies
Hotel performance
Figure 43: Recent trend in Makkah’s hotel performance, Q2 2013-year-end 2015
Hotel supply
Figure 44: Forecasted growth in rooms in three-, four- and five-star hotels in Makkah, Q2 2014-FY 2017
Madinah
Hotel performance
Figure 45: Recent trend in Madinah’s hotel performance, Q2 2013-year-end 2015
Hotel supply
Figure 46: Forecasted growth in rooms in three-, four- and five-star hotels in Madinah, Q2 2014-FY 2017
UNITED ARAB EMIRATES
Hotel performance
Figure 47: Performance of the UAE’s hotel sector, January-August 2014-15
Abu Dhabi
Hotel performance
Figure 48: Hotel performance key figures in Abu Dhabi, January-June, 2014 & 2015
Figure 49: Hotel performance key figures in Abu Dhabi, June, 2014 & 2015
Hotel supply
Dubai
Hotel performance
Figure 50: Performance of Dubai’s hotel sector, January-August 2014-15
Hotel supply
Figure 51: Supply and demand in the Dubai hotel sector, 2012-14
INTERNATIONAL CHAINS IN THE MIDDLE EAST
ACCORHOTELS
Figure 52: AccorHotels’ Middle Eastern portfolio, by country and brand, 2015
CARLSON REZIDOR
Figure 53: Rezidor’s Middle Eastern portfolio, end September 2015
FAIRMONT HOTELS & RESORTS
Figure 54: Fairmont’s Middle Eastern portfolio, 2015
Figure 55: Fairmont’s Middle Eastern hotel development pipeline, 2015
HILTON
Figure 56: Hilton’s Middle Eastern portfolio as of Q2 2015
An impressive pipeline
Figure 57: Hilton’s Middle Eastern pipeline as of Q2 2015
IHG
Figure 58: IHG’s portfolio by brand in AMEA, 30 September 2015
Figure 59: IHG’s development pipeline by brand in AMEA, 30 September 2015
MARRIOTT HOTELS & RESORTS
Figure 60: Marriott’s Middle Eastern portfolio, by country, year-end 2014
MÖVENPICK
Figure 61: Mövenpick’s Middle Eastern portfolio, 2015
STARWOOD HOTELS & RESORTS
Figure 62: Number of Starwood hotels, by brand and city in the Middle East, 2015
Figure 63: Number of Starwood hotels, by brand and city in the Middle East, 2015 (continued)
REGIONAL HOTEL GROUPS
IFA
Figure 64: IFA Hotels’ portfolio, 2015
Figure 65: Jumeirah’s hotel and branded residence portfolio, 2015
Pipeline
KATARA HOSPITALITY
Figure 66: Katara Hospitality’s Middle Eastern hotel portfolio, 2015
ROTANA HOTELS & RESORTS
Figure 67: Rotana’s Middle Eastern portfolio, 2015
WHAT NEXT?
UNFAVOURABLE MACROECONOMIC OUTLOOK
A rising Dollar
Oil price rout
Figure 68: Trend in oil price, 2010-30 September 2015
ECONOMY AND MID-MARKET HOTELS
OVERSUPPLY ON THE HORIZON
INDEX TO TRAVEL & TOURISM ANALYST
Index grouped by geographic area
INDEX TO TTI DESTINATION REPORTS
Country reports
SPECIAL REPORTS INDEX
2003
2004
2005
2006
EUROPEAN RESEARCH METHODOLOGY
Sample sizes by demographics and geographies
Our research partner – Lightspeed GMI

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