614 hotels in pipeline in Mideast/Africa
London, July 15, 2014
The Middle East/Africa hotel region has 614 hotels under contract totalling 143,870 rooms, according to the June 2014 STR Global Construction Pipeline Report.
The under contract data includes projects in the in-construction, final planning and planning stages but does not include projects in the unconfirmed stage, a statement said.
Among the countries in the region, the United Arab Emirates (17,137 rooms) and Saudi Arabia (15,415 rooms) reported the most rooms under construction.
Six other countries reported more than 2,000 rooms under construction: Qatar (5,985 rooms); Jordan (3,241 rooms); Morocco (2,466 rooms); Egypt (2,379 rooms); Algeria (2,166 rooms); and Iraq (2,082 rooms), it said.
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. - TradeArabia News Service