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STR Global: Middle East/Africa Hotel Pipeline For June 2015

July 16, 2015 Statistics & Trends No Comments Print Print Email Email

There are 659 hotels totalling 168,361 rooms Under Contract in the Middle East/Africa region, according to the June 2015 STR Global Construction Pipeline Report.http://www.destination-asia.com/ This represents a 17.0-percent increase in rooms Under Contract compared with June 2014 and a 44.3-percent year-over-year 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 95,162 rooms in 366 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 17,358 rooms in 68 hotels. Three other markets reported more than 5,000 rooms under construction: Makkah, Saudi Arabia (14,882 rooms in nine hotels); Riyadh, Saudi Arabia (6,551 rooms in 26 hotels); and Doha, Qatar (6,119 rooms in 25 hotels).

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