Over 500 hotels under construction

June 12, 2016

According to the latest report issued by STR Global, there are 514 hotels totalling 147,746 rooms under contract in the Middle East and 319 hotels totalling 60,713 rooms under contract in Africa. 

 

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The under contract total in the Middle East subcontinent represents a 38.7% increase in rooms under contract compared with December 2014 and a 51.5% YoY increase in rooms under construction. The Middle East reported 80,999 rooms in 248 hotels under construction for the month of December 2015.

 

The under contract total in the Northern Africa and Southern Africa subcontinents represented an 51.0% increase in rooms under contract compared with December 2014 and a 35.2% YoY increase in rooms under construction. Africa reported 27,790 rooms in 155 hotels under construction for the month.

 

Among the key markets in the Middle East and Africa, Makkah, Saudi Arabia reported the largest number of rooms under construction with 21,068 rooms in 13 hotels. Three other markets reported more than 5,000 rooms under construction: Dubai, United Arab Emirates (20,260 rooms in 63 hotels); Doha, Qatar (6,926 rooms in 29 hotels); and Riyadh, Saudi Arabia (6,595 rooms in 29 hotels).

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