According to STR’s “accommodating growth in the Middle East” sector overview presentation at the Hotelier Express Summit 2016 in Dubai, despite some uncertainty over the coming years hotel demand will outpace supply by 2020.

According to data predictions, 2017 occupancy levels and supply look to be very strong, with some growth in 2018 with the focus on Expo 2020, and the biggest growth in 2021.

There was also discussion at the Summit around Airbnb and other disruptors, and their impact on the future growth of the budget, mid-market and serviced apartment sectors in the Middle East.

Roda Hotels & Resorts corporate vice president of strategy & development Louay Sarrage commented: “If a guest is travelling with a maid and children, they need three or four rooms, so a serviced apartment makes more sense… A businessperson doesn’t think of Airbnb at all, he can’t take a risk [on accommodation], and besides, the company may be paying for the business trip.”

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