LONDON—The Middle East/Africa hotel development pipeline comprises 443 hotels totalling 121,218 rooms, according to the October 2010 STR Global Construction Pipeline Report released this week.
“The pipeline across the region has held steady compared to last month”, said Elizabeth Randall, managing director of STR Global. “However, we see less hotels in the ‘recently opened’ phase because of the downturn last year and the slower revenue per available room recovery in the region. The United Arab Emirates, driven primarily by Abu Dhabi and Dubai, continued to dominate the number of projects in the total active pipeline among countries in the region”.
Among the Chain Scale segments, the Upper Upscale segment accounted for the largest portion of the total active pipeline with 28.7 percent and 34,805 rooms. Three other segments each made up more than 10 percent of rooms in the total active pipeline: the Unaffiliated segment (25.2 percent with 30,605 rooms); the Luxury segment (19.9 percent with 24,106 rooms); and the Upscale segment (13.8 percent with 16,679 rooms). The Midscale without Food and Beverage segment accounted for the smallest portion of the total active pipeline with 0.7 percent and 799 rooms.
Middle East/Africa pipeline by Chain Scale segment for October 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
46,917
|
17,403
|
24,106
|
|
Upper Upscale
|
70,566
|
20,486
|
34,805
|
|
Upscale
|
83,274
|
10,327
|
16,679
|
|
Midscale w/ F&B
|
51,049
|
3,573
|
8,509
|
|
Midscale w/o F&B
|
3,658
|
224
|
799
|
|
Economy
|
13,129
|
1,949
|
5,715
|
|
Unaffiliated
|
322,593
|
12,765
|
30,605
|
|
Total
|
591,186
|
66,727
|
121,218
|
* Includes those projects in the In Construction, Final Planning and Planning phases.
About STR Global
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.strglobal.com.
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