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STR Global: MEA Pipeline For March

April 18, 2015 Statistics & Trends No Comments Email Email

There are 626 hotels totalling 147,680 rooms Under Contract in the Middle East/Africa region, according to the March 2015 STR Global Construction Pipeline Report. This represents a 7.6-percent year-over-year increase in rooms Under Contract compared with March 2014 and a 22.6-percent increase in rooms under construction. The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

The region reported 77,924 rooms in 315 hotels under construction for the month.

Among the region’s key markets, Dubai, United Arab Emirates, reported the largest number of rooms under construction with 14,385 rooms in 49 hotels. Three other markets reported more than 5,000 rooms under construction: Doha, Qatar (6,612 rooms in 24 hotels); Makkah, Saudi Arabia (5,936 rooms in 10 hotels); and Riyadh, Saudi Arabia (5,477 rooms in 21 hotels).

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