STR: Middle East/Africa hotel pipeline for March 2017
 
STR: Middle East/Africa hotel pipeline for March 2017
12 APRIL 2017 7:14 AM

The Middle East region reported 153,298 rooms in 546 projects under contract in March 2017, while Africa reported 59,200 rooms in 319 projects under contract for the month.

LONDON—STR’s March 2017 Pipeline Report shows 153,298 rooms in 546 hotel projects Under Contract in the Middle East and 59,200 rooms in 319 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.

The Under Contract total in the Middle East represents a 1.1% increase in rooms Under Contract compared with March 2016. Specifically in the In Construction phase, the Middle East reported 79,960 rooms in 258 hotels. Based on number of rooms, that is a 0.6% decrease in year-over-year comparisons.

The Under Contract total in Africa represents a 3.9% decrease in rooms Under Contract compared with March 2016. In the In Construction phase, Africa reported 28,768 rooms in 157 hotels. Based on number of rooms, that is a 6.1% decrease in year-over-year comparisons. 

International Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.