Middle East hotel room construction up by 36.3%

Middle East hotel room construction up by 36.3%
Middle East room construction up by 36.3%, STR says.
Published: 21 May 2018 - 1:50 a.m.
By: Shishira Sreenivas

The Middle East hotel room construction is up by 36.3% compared to the same period in April 2017, according to an STR report on Middle East and Africa hotel supply development update.

The report states that there 386 properties currently in construction totalling to 114,456 rooms in the pipeline, 115 in final planning stage with 28,044 rooms and 177 properties in the planning phase with 47,797 rooms, the report said.

Out of the total rooms in construction, Dubai takes up the biggest chunk with 41,846 rooms making up 41.2% of the existing supply.

While in Saudi Arabia, Makkah is in the lead and is adding 25,619 which is 71.4% of the existing supply. Riyadh has 6,244 rooms in construction and Jeddah is adding 3,952 rooms to its existing supply.

However, Africa’s construction pipeline has declined by 13% compared to the same period in April 2017, the report stated.

 

 

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