434 hotel projects underway in Mideast in Oct: STR
A total of 434 hotel projects accounting for 119,991 rooms were in construction in the Middle East and 135 projects and 24,939 rooms in construction in Africa during October, said hospitality sector analytics provider STR in a new report.
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A total of 434 hotel projects accounting for 119,991 rooms were in construction in the Middle East and 135 projects and 24,939 rooms in construction in Africa during October, said hospitality sector analytics provider STR in a new report.
The Middle East total represented a 5.7 per cent year-over-year decrease in the number of rooms in the final phase of the development pipeline. The region reported an additional 28,541 rooms in the final planning stage and 45,273 rooms in planning.
The Africa room construction total was down 4.0 per cent year over year. Africa also showed 18,807 rooms in final planning and 22,629 rooms in planning.
Between the Middle East and Africa, five countries showed more than 4,000 rooms under construction. The UAE led with 52,810 rooms, which represented 30.1 per cent of the market’s existing supply, followed by Saudi Arabia (38,912 rooms, 38.3 per cent of existing supply).
1. UAE: 52,810 rooms (30.1 per cent)
2. Saudi Arabia: 38,912 rooms (38.3 per cent)
3. Qatar: 14,318 rooms (52.9 per cent)
4. Oman: 5,049 rooms (26.6 per cent)
5. Egypt: 4,976 rooms (2.9 per cent) – TradeArabia News Service
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