LONDON—The Middle East/Africa hotel development pipeline includes 457 hotels comprising 124,142 rooms, according to the February 2010 STR Global Construction Pipeline Report released this week.
Among the countries in the region, the United Arab Emirates reported the largest number of rooms in the total active pipeline with 52,566, followed by Saudi Arabia with 14,178.
Among the major markets in the region, Dubai, UAE, ended the month with the most rooms in the total active pipeline with 30,139, followed by Abu Dhabi with 14,171. Two markets reported less than 1,000 rooms in the total active pipeline: Beirut, Lebanon (774 rooms), and Cape Town, South Africa (341 rooms).
Among the Chain Scale segments, three segments accounted for more than 70 percent of the total active pipeline: the Upper Upscale segment (25.3 percent with 31,434 rooms); the Unaffiliated segment (25.3 percent with 31,448 rooms); and the Luxury segment (21.2 percent with 26,366 rooms). The Economy segment (3.9 percent with 4,889 rooms) and the Midscale without Food and Beverage segment (1.4 percent with 1,691 rooms) accounted for the smallest portions of the total active pipeline.
Middle East/Africa pipeline by Chain Scale segment for February 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
43,729
|
17,050
|
26,366
|
|
Upper Upscale
|
69,579
|
22,232
|
31,434
|
|
Upscale
|
72,851
|
12,622
|
19,463
|
|
Midscale w/ F&B
|
53,624
|
3,666
|
8,851
|
|
Midscale w/o F&B
|
2,650
|
1,116
|
1,691
|
|
Economy
|
12,042
|
2,356
|
4,889
|
|
Unaffiliated
|
322,069
|
12,289
|
31,448
|
|
Total
|
576,544
|
71,331
|
124,142
|
* Includes those projects in the In Construction, Final Planning and Planning phases.
Note: Turkey has been moved from the Middle East/Africa region to Europe.
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 and HotelNewsNow.com. For more information, please visit www.strglobal.com.
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