Column: industry Tag: Middle East Hotel,Middle East Hotel Development,Middle East Hotel Development Pipeline Published: 2017-10-17 11:30 Source: Author:
STR’s September 2017 Pipeline Report shows 164,497 rooms in 574 hotel projects Under Contract in the Middle East and 55,349 rooms in 299 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 3.4% increase in rooms Under Contract compared with September 2016. Specifically in the In Construction phase, the Middle East reported 96,694 rooms in 302 projects. Based on number of rooms, that is a 15.9% increase in year-over-year comparisons.
Middle East pipeline by Chain Scale (number of rooms):
Source: STR / report as of September 2017, activity reported through August 2017. Under Contract data includes those projects in the In Construction, Final Planning and Planning stages
The Under Contract total in Africa represents a 2.7% decrease in rooms Under Contract compared with September 2016. In the In Construction phase, Africa reported 27,096 rooms in 152 hotels. Based on number of rooms, that is a 6.6% decrease in year-over-year comparisons.
Africa pipeline by Chain Scale (number of rooms):
Source: STR / report as of September 2017, activity reported through August 2017. Under Contract data includes those projects in the In Construction, Final Planning and Planning stages
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England.
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