There are currently 164,497 rooms in 574 hotel projects under contract in the Middle East – according to STR’s September pipeline report.
Under contract data includes projects in the in Construction, final planning and planning stages but does not include projects in the unconfirmed stage.
The under contract total in the Middle East represents a 3.4% increase in rooms under contract compared with September 2016. Specifically in the in construction phase, the Middle East reported 96,694 rooms in 302 projects. Based on number of rooms, that is a 15.9% increase in year-over-year comparisons.
Middle East pipeline by Chain Scale (number of rooms):
|Chain Scale||In Construction||Under Contract|