STR: Middle East and Africa hotel pipeline for May 2017
 
STR: Middle East and Africa hotel pipeline for May 2017
14 JUNE 2017 8:38 AM

The Middle East reported 93,984 rooms in 302 hotels in construction during May, while Africa reported 30,839 rooms in 171 hotels in construction for the month.

LONDON—STR’s May 2017 Pipeline Report shows 159,711 rooms in 581 hotel projects Under Contract in the Middle East and 58,501 rooms in 318 projects Under Contract in Africa.

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

The Under Contract total in the Middle East represents a 3.8% increase in rooms Under Contract compared with May 2016. Specifically in the In Construction phase, the Middle East reported 93,984 rooms in 302 hotels. Based on number of rooms, that is a 15.5% increase in year-over-year comparisons.

The Under Contract total in Africa represents a 3.7% increase in rooms Under Contract compared with May 2016. Specifically in the In Construction phase, Africa reported 30,839 rooms in 171 hotels. Based on number of rooms, that is a 0.3% increase in year-over-year comparisons.

Five countries in the Middle East/Africa region reported more than 4,000 rooms In Construction:

  • Saudi Arabia (40,145 rooms in 95 projects)
  • United Arab Emirates (32,604 rooms in 116 projects)
  • Qatar (9,147 rooms in 37 projects)
  • Egypt (4,775 rooms in 14 projects)
  • Angola (4,451 rooms in 32 projects)

International Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.