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

October 17, 2015 Hotel Trends No Comments Print Print Email Email

There are 763 hotels totalling 191,047 rooms Under Contract in the Middle East/Africa region, according to the September 2015 STR Global Construction Pipeline Report.http://join.travelmanagers.com.au/ This represents a 26.3% increase in rooms Under Contract compared with September 2014 and a 42.1% 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 103,749 rooms in 401 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 19,719 rooms in 67 hotels. Three other markets reported more than 5,000 rooms under construction: Makkah, Saudi Arabia (16,153 rooms in 11 hotels); Doha, Qatar (7,315 rooms in 30 hotels); and Riyadh, Saudi Arabia (6,131 rooms in 25 hotels).

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