Hotel construction in MENA slumped by 7.7% in January: STR

Published: 17 February 2020 - 12:30 p.m.

Hospitality analysts STR has revealed a 7.7% year-on-year decrease in the number of rooms in the final phase of the development for the Middle East, according to its January 2020 pipeline data.

The data has shown that 117,328 rooms are currently under construction in the Middle East, comprising 419 projects, and 26,940 rooms are under construction in Africa, comprising 146 projects.

The region reported an additional 31,487 rooms in the final planning stage and 52,427 rooms in planning.

The Africa room construction total was down by 0.7% year-on-year, the data confirmed.

In addition, Africa also showed 18,234 rooms in final planning and 22,546 rooms in planning.

Among the MENA countries that showed more than 4,000 rooms under construction, the UAE ranked first with 49,559 rooms, representative of 27.5% of the market’s existing supply, followed by Saudi Arabia with 40,218 rooms, occupying 39% of existing supply.

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