Market Reports

HVS Report - Middle East Hotel Market: Year-End 2019 Review & Near-Term Outlook - By Hala Matar Choufany

Unkown Middle Eastern destination
Middle East Hotel Market: Year-End 2019 Review & Near-Term Outlook

HVS

It is amidst a turbulent economic outlook and political instability that the region continues to diversify its economic reliance on oil production and to commit large investments on tourism and non-oil related sectors. The Middle East region continues to face distraught on the back of ongoing political conflicts and a fragile energy sector.

The region has undergone a range of socio-political and economic shifts that have undoubtedly continued to impose ramifications pertaining to the ME hotel industry. As primary markets continue to mature and become saturated with four- and five-star hotels, and as secondary markets begin to progress, supported by improved modes of accessibility and infrastructure development, the Middle East will continue to present attractive investment opportunities.

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