STR pipeline data shows the Middle East region reported 83,980 rooms in 272 hotels in construction in April 2017. Africa reported 31,004 rooms in 172 hotels under construction for the month.
LONDON—STR’s April 2017 Pipeline Report shows 156,445 rooms in 563 hotel projects Under Contract in the Middle East and 59,632 rooms in 324 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 2.5% increase in rooms Under Contract compared with April 2016. Specifically in the In Construction phase, the Middle East reported 83,980 rooms in 272 hotels. Based on number of rooms, that is a 3.8% increase in year-over-year comparisons.
The Under Contract total in Africa represents an 8.3% increase in rooms Under Contract compared with April 2016. Specifically in the In Construction phase, Africa reported 31,004 rooms in 172 hotels. Based on number of rooms, that is a 3.8% increase in year-over-year comparisons.
Four key markets in the Middle East and Africa region reported more than 5,000 rooms In Construction:
- Makkah, Saudi Arabia (22,455 rooms in 18 projects)
- Dubai, United Arab Emirates (20,557 rooms in 72 projects)
- Doha, Qatar (7,343 rooms in 31 projects)
- Riyadh, Saudi Arabia (5,972 rooms in 29 projects)
International Media Contacts:
Media & Communications Coordinator
+44 (0)207 922 1979
Director of Marketing, Research & Analysis
+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 email@example.com.