Nearly 124,000 hotel rooms under construction in the Middle East
STR revealed that the majority of hotel room developments were based in the UAE and Saudi Arabia
Data from hospitality analysts STR has shown that 123,742 hotel rooms are currently under construction in the Middle East, comprising 427 projects.
STR revealed that the Middle East total pipeline represented a 2.1% year-on-year increase in the number of rooms in the final phase of the development pipeline. The firm reported an additional 30,240 rooms in the final planning stage and 45,948 rooms in planning across the region.
Geographically, figures showed that the majority of hotel construction was based in the UAE and Saudi Arabia. The UAE led the way for hotel rooms in development with 54,438 rooms, followed by Saudi Arabia with 41,207 rooms.
The report also showed that Egypt topped hotel construction for Africa with 4,100 rooms in development. However, the African market room construction total was down 1.8% year-on-year.