September hotel development pipeline: STR Global
Guest Writers are not employed, compensated or governed by TD, opinions and statements are from the specific writer directly
The recent report on the Middle East and Africa hotel region reported 637 hotels under contract totalling 151,205 rooms. This report was presented by STR Global in its Construction Pipeline Report for September 2014.
A year-to-date round up states that the region has witnessed the opening of 139 hotels with 33,232 rooms. In the remainder of the year, 82 hotels with 18,538 rooms are expected to open. The most rooms are planned to be added in the upper upscale segment (5,419 rooms in 18 hotels), followed by the unaffiliated segment (4,626 rooms in 22 hotels), the upscale segment (3,531 rooms in 13 hotels) and the luxury segment (3,480 rooms in 15 hotels).
In 2015, 145 hotels with 32,371 rooms are expected to open in the region. The upper upscale segment is expecting to add 38 hotels with 12,516 rooms, the largest addition of rooms among the segments, followed by the luxury segment (26 hotels with 5,318 rooms) and the upscale segment (31 hotels with 5,024 rooms).
Comments are closed.