LONDON—The Middle East/Africa hotel development pipeline comprises 430 hotels totalling 116,152 rooms, according to the December 2010 STR Global Construction Pipeline Report released this week.
“The overall Middle East/Africa pipeline is being filled by projects in Dubai, Abu Dhabi, Riyadh, Cairo and Jeddah, with Dubai making up 23 percent of the rooms in the total pipeline”, said Elizabeth Randall, managing director of STR Global. “The markets of Dubai and Abu Dhabi are expected to continue attracting interesting projects and will continue to lead the development pipeline during 2011”.
Among the region’s markets, Dubai, United Arab Emirates, ended the month with the largest number of rooms in the total active pipeline with 27,102 rooms. Abu Dhabi, UAE, followed with 13,239 rooms. Three other countries reported more than 1,500 rooms in the total active pipeline: Cairo, Egypt (3,275 rooms); Jeddah, Saudi Arabia (3,033 rooms); and Muscat, Oman (1,831 rooms).
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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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