Middle East hotel pipeline grows by 18.8%

Posted under Editors Pick, News.
by Sophia Soltani | Published 3 years ago

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According to STR’s July 2016 Pipeline Report there are 155,899 rooms in 552 projects under contract in the Middle East and 56,227 rooms in 295 projects under contract in Africa. 

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Figures revealed that the under contract total in the Middle East represented an 18.8% increase in rooms under contract compared with July 2015, specifically in the in construction phase with the Middle East reporting 83,194 rooms in 259 hotels, a 12.2% increase Y-o-Y.

In other regions, the under contract total in Africa represented a 23.8% increase in rooms under contract compared with July 2015, and hotels in the construction phase in Africa reported 29,928 rooms in 155 hotels, an 21.3% Y-o-Y increase.

The report also highlighted that two main key markets in the Middle East and Africa reported more than 20,000 rooms in construction, namely Makkah in Saudi Arabia with 21,835 rooms in 13 hotels, and in Dubai with 20,882 rooms in 67 hotels.

Two additional markets reported more than 5,000 rooms in construction.

These were Doha, Qatar with 6,830 rooms in 30 hotels, and Riyadh, Saudi Arabia with 6,657 rooms in 30 hotels.

 









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