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

June 19, 2015 Statistics & Trends No Comments Email Email

There are 653 hotels totalling 159,945 rooms Under Contract in the Middle East/Africa region, according to the May 2015 STR Global Construction Pipeline Report. This represents a 16. increase in rooms Under Contract compared with May 2014 and a 40.4-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 91,510 rooms in 351 hotels under construction for the month.

Among the countries in the region, Saudi Arabia reported the most rooms under construction with 28,050 rooms in 64 hotels. United Arab Emirates followed with 22,724 rooms in 90 hotels. Qatar (6,383 rooms in 26 hotels) was the only other country in the region to report more than 5,000 rooms In Construction.

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