ME hotel pipeline reaches 540 hotels in February
STR’s February 2017 Pipeline Report reveals 153,460 rooms in 540 hotel projects Under Contract in the Middle East and 58,374 rooms in 309 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 1.3% increase in rooms Under Contract compared with February 2016. The Middle East reported 83,106 rooms in 263 hotels. Based on number of rooms, that is a 3.4% increase in year-over-year comparisons.
Two key markets in the Middle East and Africa region reported more than 10,000 rooms In Construction:
Makkah, Saudi Arabia (22,370 rooms in 17 projects)
Dubai, United Arab Emirates (19,578 rooms in 64 projects) Click here for full story