STR’s October 2017 pipeline report shows 166,774 rooms in 580 hotel projects under contract in the Middle East.
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 5.1% increase in rooms under contract compared with October 2016. Specifically in the In Construction phase, the Middle East reported 99,790 rooms in 314 projects. Based on number of rooms, that is an 18.1% increase in year-over-year comparisons.
A number of key markets in the Middle East region reported more than 4,000 rooms in construction:
- Dubai, United Arab Emirates (29,226 rooms in 95 projects)
- Makkah, Saudi Arabia (23,791 rooms in 18 projects)
- Riyadh, Saudi Arabia (6,349 rooms in 29 projects)
- Abu Dhabi, United Arab Emirates (4,124 rooms in 12 projects)