Active GCC hotel development pipeline now equal to 40% of existing room supply

Active GCC hotel development pipeline now equal to 40% of existing room supply

Latest STR report reveals GCC has more than 170,000 hotel rooms in its active development pipeline. KSA & UAE lead the GCC with 39,070 & 32,272 rooms respectively under construction. Arabian Travel Market expecting major increase in GCC participation at 2023 event as GCC governments continue to invest heavily in tourism