Several large groups are leading the sector. These include Lactalis Group, Fonterra, Dairy Farmers of America, and Arla Foods.
The Middle East total represented almost a 10 percent year-over-year increase in the number of rooms in the final phase of the development pipeline.
The number of hotels also grew by 12 percent in 2017-18, resulting in a eight percent growth in the amount of rooms available in the country.
The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, with Egypt showing 15,158 rooms in 51 new hotels.
In the Middle East, occupancy grew by almost one percent to reach 71 percent in Q1, with an average daily rate of USD 148.
According to the latest data by Global Blue, globe shopper spending increased by 12 percent in Q1. Saudi tourists represent 15 percent of the total tourist spending, with an increase of 45 percent versus prior year.
As part of the STR 500, the company released the top 50 companies and brands in the Middle East during Arabian Hotel Investment Conference (AHIC) in RAK.