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The Middle East/Africa hotel industry opened 68 new hotels with 15,735 rooms in 2012, according to latest data released by STR Global.
Top-end hotels again dominated the new-builds in the region's tourism sector while economy hotels contributed only two properties, the figures showed.
The Upper Upscale segment added the most new rooms in 2012 with 3,600 rooms in 10 properties, followed by the Luxury segment (11 hotels with 3,508 rooms) and the Upscale segment (16 hotels with 3,467 rooms).
The Midscale segment reported the largest increase of new rooms added in 2012 compared with new rooms added in 2011, rising 79.5 percent with 10 hotels and 1,431 rooms.
The Economy segment reported the smallest number of new rooms in 2012 with 242 rooms in two properties.
The Middle East/Africa hotel development pipeline comprised 478 hotels totalling 119,233 rooms, according to the December 2012 STR Global Construction Pipeline Report.
That was down on the previous month when the region had 480 hotels totalling 119,932 rooms in the pipeline.
Last month, STR Global said the UAE had the biggest number of hotel rooms under construction in the Middle East and Africa region.
Its November 2012 STR Global Construction Pipeline Report showed that the emirates had a total of 20,030 rooms being built, with Saudi Arabia second with 16,496.
The UAE is set to continue to dominate the STR Global after plans were revealed earlier this month to build 100 new hotels as part of the multi-billion dollar Mohammed Bin Rashid City project.
Could you imagine what would happen if a large proportion of the educated, professional worker population suddenly left (let alone the domestic workers... more
Friday, 24 May 2013 1:26 PM - Khalid@both, the world is not the same all over; thankfully, the citizens of one country view things differently than another. Europe allowing something does... more
Friday, 24 May 2013 1:25 PM - SAM
Deferred payment, in other words, never going to pay back.
Just ask Egypt or Iraq or the long list of recipients of deferred payments.
As much as I love the UAE, this will be a problem for them in the future. Lets look at this from any democratic Country on Earth. If I decided not to turn... more
Wednesday, 22 May 2013 11:56 AM - Ty SayCould you imagine what would happen if a large proportion of the educated, professional worker population suddenly left (let alone the domestic workers... more
Friday, 24 May 2013 1:26 PM - Khalid@both, the world is not the same all over; thankfully, the citizens of one country view things differently than another. Europe allowing something does... more
Friday, 24 May 2013 1:25 PM - SAM
Top managment greed is one of the main reasons that caused the 2008 crises. hope i delivered the message..
more
As much as I love the UAE, this will be a problem for them in the future. Lets look at this from any democratic Country on Earth. If I decided not to turn... more
Wednesday, 22 May 2013 11:56 AM - Ty SayCould you imagine what would happen if a large proportion of the educated, professional worker population suddenly left (let alone the domestic workers... more
Friday, 24 May 2013 1:26 PM - Khalid
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