Latest News
HomeRegional NewsAfricaSTR: Middle East and Africa hotel construction remains steady
Hotels & Lodging

STR: Middle East and Africa hotel construction remains steady

Hotel construction in Middle East shows a slight increase, while in Africa the numbers show a small decrease, according to STR, which provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors

LONDON—STR’s July 2019 hotel pipeline data showed 427 projects accounting for 123,742 rooms in construction in the Middle East and 138 projects and 25,986 rooms in construction in Africa. 

The Middle East total represented a 2.1% year-over-year increase in the number of rooms in the final phase of the development pipeline. The region reported an additional 30,240 rooms in the final planning stage and 45,948 rooms in planning. 

The Africa room construction total was down 1.8% year over year. Africa also showed 17,485 rooms in final planning and 23,954 rooms in planning.

Between the Middle East and Africa, four countries showed more than 4,000 rooms under construction. The United Arab Emirates led with 54,438 rooms, which represented 31.8% of the market’s existing supply, followed by Saudi Arabia (41,207 rooms, 40.5% of existing supply). 

  1. United Arab Emirates: 54,438 rooms (31.8%)
  2. Saudi Arabia: 41,207 rooms (40.5%)
  3. Qatar: 14,518 rooms (53.5%)
  4. Oman: 4,589 rooms (24.1%)
  5. Egypt: 4,100 rooms (2.4%)
Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

Tags
24/04/2024
23/04/2024
22/04/2024
19/04/2024
18/04/2024
17/04/2024