Hotel sectors across the Gulf region are set to see huge growth in construction activity, new figures released by STR Global have confirmed.
Its July edition of the Middle East/Africa hotel development pipeline comprised 495 hotels totalling 125,481 rooms.
The Construction Pipeline Report said Oman reported the largest expected room growth (up 81.2 percent) if all 5,417 rooms in the country’s total active pipeline open.
The data also showed that other Gulf state showed "significant expected room growth".
Saudi Arabia's hotel market is set to grow by 53.9 percent with 27,624 rooms expected to open while Qatar is expected to see 47.1 percent with 6,785 rooms.
Qatar is embarking on a major tourism spending spree as it looks ahead to hosting the 2022 World Cup tournament which will bring in thousands of visitors from all over the world.
The STR Global data also said that the UAE's tourism sector would grow by 38.6 percent with 35,052 rooms included in its active construction pipeline.
Last month, research by Ventures ME said the value of hotel and hospitality construction contracts will witness enormous growth throughout 2012 to reach $7.3bn.
This growth is a direct result of the increased demand for hotel space in the GCC where room revenues are set to reach $22bn in 2012 and expected to increase to $27bn by 2015, the research said.

Story continues below
Advertisement