More than 3,700 keys expected to enter Kuwait city, Muscat, Amman and Manama hotel markets

Colliers International added that these markets are “expected to remain relatively stable in terms of RevPAR by financial year 2019"

Image used for illustrative purpose only.
Image used for illustrative purpose only.

Data revealed that the Q1 2019 performance of Kuwait, Muscat and Amman saw a decline in year-on-year RevPAR, however, Manama registered one of its highest RevPAR’s with an increase of 14.3%.

According to the MENA quarterly review released by Colliers International, an additional 3,739 keys are expected to enter the combined markets by the end of 2019.

Experts believe that this growth in supply is “largely contingent on the extent of delays that have often occurred historically”.

The report also revealed that by the end of 2021, supply is expected to reach a total of approximately 34,600 keys, with Muscat commanding the largest share of supply with 11,900 keys.

Colliers International added that these markets are “expected to remain relatively stable in terms of RevPAR by financial year 2019 compared to the 2018 performance”.

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