Preparing for a galaxy far away at the happiest place on earth, hotels owners are looking toward an optimistic future given the record attendance levels at both theme parks and a strong historical precedent for the positive impact of new attractions.
The absolute occupancy level was the highest for any April in STRs Abu Dhabi database. STR analysts note that performance levels were pushed by events such as Culture Summit Abu Dhabi (7-11 April) and the Retail Abu Dhabi Spring Sales (15 April through 1 May).
The Middle East reported a 9.3% year-over-year increase in hotel rooms in construction as of April, while African hotel rooms in construction decreased 7.1%.
Leading in the pipeline is Marriott International with 1,499 projects/196,771 rooms and Hilton Worldwide with 1,386 projects/154,349 rooms, both at all-time record highs. InterContinental Hotels Group (IHG) follows with 980 projects/99,115 rooms.