550 new hotels on way across the Middle East
01 August 2016
A total of 154,576 rooms in 550 hotels were registered under contract in the Middle East in June, a 23.5 per cent increase compared with the same period in 2015, said a report.
According to the STR June 2016 Pipeline Report, the Middle East also recorded a 14.1 per cent year-over-year increase in rooms in construction with 81,951 rooms in 256 hotels under construction for the month.
Under contract data includes projects in the construction, final planning and planning stages but does not include projects in the unconfirmed stage.
The STR report also highlighted the development in Africa, which reported 55,736 rooms in 289 hotels under contract, a 29.1 per cent increase in rooms under contract compared with June 2015. The continent also recorded 30,703 rooms in 157 hotels under construction for the month, a 31.5 per cent year-over-year increase in rooms in construction.
Among the countries in the Middle East and Africa, Saudi Arabia reported the most rooms in construction with 35,770 rooms in 81 hotels. The UAE followed with 26,989 rooms in 93 hotels. Two other countries each reported more than 5,000 rooms in construction: Qatar (7,125 rooms in 30 hotels) and Egypt (6,095 rooms in 18 hotels).
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- Update
- 550 new hotels on way across the Middle East
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- Bahrain harbour project progresses
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- Bahrain to build hi-tech 50,000-seat stadium
- SNC-Lavalin wins Qatar contract
- JV secures Kuwait pipeline deal
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