Tuesday 16 July 2019

Nearly 150,000 hotel rooms under construction in MEA

LONDON, August 14, 2018

Hotel supply in the Middle East and Africa (MEA) continues to grow as the region registered a total of 560 properties with 147,700 rooms under construction in July.

Of the total, about 415 hotels (121,233 rooms) are in the Middle East, while the rest are in the African region, the July Pipeline Report from STR Global showed.

Dubai topped the MEA list for the largest number of rooms under construction with the total put at 50,094 rooms.

Two other markets reported more than 10,000 rooms under construction: Saudi Arabia (45,687 rooms) and Qatar (11,814 rooms).

The Middle East room construction total represents a 27.5 per cent increase compared with July 2017.

The report also highlighted projects in the final planning and planning stages. A total of 29,145 rooms in 121 hotels (up 58.4 per cent year-over-year) were registered in the final planning stage and 56,114 rooms in 207 properties (up 6.5 per cent year-on-year) were recorded in the planning stage.

Africa, however, recorded a decline in hotel supply growth in July, with 145 hotels currently under construction representing 26,467 rooms, down 7.1 per cent compared to July 2017. A total of 48 properties (representing 8,490 rooms) were registered in the final planning stage, down 2.2 per cent compared to the same month last year.

Hotels in Africa's planning stage hit 125 with room numbers totalling 22,331, up 13.1 per cent compared to July 2017. - TradeArabia News Service

Tags: Construction | Middle East | hotel room |

More Construction & Real Estate Stories

calendarCalendar of Events