Friday 25 May 2018
 
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Over 500 hotels under construction in MEA

LONDON, 10 days ago

Hotel supply in the Middle East and Africa (MEA) continues to grow as the region has registered a total of 530 properties with 141,400 rooms currently under construction.

Of the total, about 386 hotels (114,456 rooms) are in the Middle East, while the rest are in the African region, the April Pipeline Report from STR Global showed.

Dubai topped the MEA list for the largest number of rooms under construction with the total put at 41,846 rooms.

Two other markets reported more than 10,000 rooms under construction: Makkah, Saudi Arabia (25,619 rooms) and Doha, Qatar (10,228 rooms).

The Middle East room construction total represents a 36.3 per cent increase compared with April 2017. 

The report also highlighted projects in the final planning and planning stages. A total of 28,044 rooms in 115 hotels (up 29.1 per cent year-over-year) were registered in the final planning stage and 47,797 rooms in 177 properties (up 5.8 per cent year-on-year) were recorded in the planning stage. - TradeArabia News Service




Tags: Construction | Africa | hotels | Middle | East | STR |

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