Report reveals 637 hotels under contract in MENA
139 hotels, with 33,232 rooms, have opened in the region this year
The Middle East/Africa hotel region reported 637 hotels under contract totalling 151,205 rooms, according to the September 2014 STR Global Construction Pipeline Report.
The under contract data includes projects in the in construction, final planning and planning stages but does not include projects in the unconfirmed stage.
In the year-to-date, 139 hotels with 33,232 rooms have opened in the region. In the remainder of 2014, 82 hotels with 18,538 rooms are expected to open in the region.
The most rooms are planned to be added in the upper upscale segment (5,419 rooms in 18 hotels), followed by the unaffiliated segment (4,626 rooms in 22 hotels), the upscale segment (3,531 rooms in 13 hotels) and the luxury segment (3,480 rooms in 15 hotels).
In 2015, 145 hotels with 32,371 rooms are expected to open in the region. The upper upscale segment is expecting to add 38 hotels with 12,516 rooms, the largest addition of rooms among the segments, followed by the luxury segment (26 hotels with 5,318 rooms) and the upscale segment (31 hotels with 5,024 rooms).