During July, the Middle East reported 95,089 rooms in 301 hotel projects in construction, which is a 14.3% year-over-year increase. Africa reported 28,500 rooms in 163 projects in construction for the month, a 4.8% decrease from the same month in 2016.
LONDON—STR’s July 2017 Pipeline Report shows 166,166 rooms in 590 hotel projects Under Contract in the Middle East and 56,925 rooms in 308 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 6.6% increase in rooms Under Contract compared with July 2016. Specifically in the In Construction phase, the Middle East reported 95,089 rooms in 301 projects. Based on number of rooms, that is a 14.3% increase in year-over-year comparisons.
The Under Contract total in Africa represents a 1.2% increase in rooms Under Contract compared with July 2016. In the In Construction phase, Africa reported 28,500 rooms in 163 projects. Based on number of rooms, that is a 4.8% decrease in year-over-year comparisons.
Four key markets in the Middle East and Africa region reported more than 5,000 rooms In Construction:
- Dubai, United Arab Emirates (24,832 rooms in 85 projects)
- Makkah, Saudi Arabia (23,816 rooms in 18 projects)
- Doha, Qatar (8,714 rooms in 36 projects)
- Riyadh, Saudi Arabia (6,712 rooms in 30 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.