UAE set to add 56,701 new hotel rooms by 2020.

• Position: United Arab Emirates' hospitality sector - Brief article

The UAE's hospitality sector is all geared up for the World Expo 2020 with a significant capacity boost by adding 56,701 rooms that represent 33.6 per cent of the country's existing supply over the next one year.

The latest available industry data shows that the UAE drives the Middle East hotel industry boom with an exponential surge in the number of new hotel projects and rooms, followed by Saudi Arabia with an additional supply of 42,571 room, accounting for 42.9 per cent of the kingdom's existing inventory.

By 2022, the UAE's hospitality market is expected to reach $7.6 billion, growing at a five-year CAGR of 8.5 per cent between 2017 and 2022, latest data shows.

Other countries in the region...