495 hotels in MENA construction pipeline in July
Oman reported largest expected room growth at +81.2%, says report
The Middle East/Africa hotel development pipeline comprises 495 hotels totalling 125,481 rooms, according to the July 2012 STR Global Construction Pipeline Report.
Among the countries in the region, Oman reported the largest expected room growth (+81.2%) if all 5,417 rooms in the country's total active pipeline open.
Other countries to report a significant expected room growth: Saudi Arabia (+53.9%, with 27,624 rooms expected to open); Qatar (+47.1%, with 6,785 rooms); Algeria (+43.6%, with 1,875 rooms); and the UAE (+38.6%, with 35,052 rooms).
STR Global provides clients - including hotel operators, developers, financiers, analysts and suppliers to the hotel industry - access to hotel research. The company covers hotel markets in all parts of the world, providing market performance data, forecasts, annual profitability, pipeline and census information.