35,000 new hotel rooms for Saudi Arabia

August 1, 2016

According to the latest report issued by STR Global, the June Pipeline Report highlighted that 154,576 rooms in 550 hotels are under contract in the Middle East and 55,736 rooms in 289 hotels under contract in Africa.  

The under contract total in the Middle East for June represented a 23.5% increase in rooms compared to June 2015 with 81,951 rooms in 256 hotels under construction for the month.

 

The report also indicated that Saudi Arabia is leading the way for hotels under construction, with more than 35,000 new rooms being currently constructed.

 

Saudi Arabia is investing in its tourism industry as part of plans to diversify its economy away from oil, currently has a total of 35,770 hotel rooms under construction in 81 hotels.

 

The figures for June also showed that the UAE has 26,989 rooms in 93 hotels under construction.

Other countries in the region reported more than 5,000 rooms under construction – Qatar (7,125 rooms in 30 hotels) and Egypt (6,095 rooms in 18 hotels).

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