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STR: Middle East and Africa hotel pipeline for September 2016

October 15, 2016 Hotel Trends No Comments Email Email

STR’s September 2016 Pipeline Report shows 159,127 rooms in 555 projects Under Contract in the Middle East and 56,858 rooms in 303 projects Under Contract in Africa. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.http://indusatryclub.com.au/

The Under Contract total in the Middle East represents a 14.8% increase in rooms Under Contract compared with September 2015. Specifically in the In Construction phase, the Middle East reported 83,416 rooms in 257 hotels, an 8.5% increase in year-over-year comparisons.

The Under Contract total in Africa represents an 8.3% increase in rooms Under Contract compared with September 2015. Specifically in the In Construction phase, Africa reported 29,006 rooms in 154 hotels, a 7.8% increase in year-over-year comparisons.

Among the countries in the Middle East and Africa, Saudi Arabia reported the most rooms In Construction with 36,545 rooms in 78 hotels. The United Arab Emirates followed with 26,552 rooms in 94 hotels. Two other countries each reported more than 5,000 rooms In Construction: Qatar (7,889 rooms in 33 hotels) and Egypt (5,800 rooms in 17 hotels).

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