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525 new hotels coming up in ME, Africa

Dubai, February 15, 2014

The hotel development pipeline in the Middle East and Africa (MEA) region includes 525 hotels boasting of a total of127,840 rooms, according to the January 2014 STR Global Construction Pipeline Report.

The data includes projects in the 'In Construction, Final Planning and Planning' stages but does not include projects in the pre-planning stage, stated the STR in its report.

According to the company, the upper upscale segment accounted for the largest portion of rooms in the total active pipeline (33.8 percent) with 43,183 rooms, while the other three segments each accounted for more than 15 per cent of rooms in the total active pipeline.

The upscale segment comprised 19.7 percent of the total with 25,213 rooms; the luxury segment (19.7 percent with 25,150 rooms); and the unaffiliated segment (16.6 percent with 21,260 rooms), said the STR global data.
 
The upper upscale segment made up the largest portion of rooms under construction (37.5 percent) with 24,905 rooms, followed by the Luxury segment (21.3 percent with 14,142 rooms) and the Upscale segment (19.9 percent with 13,252 rooms), it added.-TradeArabia News Service




Tags: Middle East | Dubai | hotels |

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