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Sat 31 Aug 2019 12:20 AM

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UAE dominates Middle East hotel construction pipeline in July

STR data shows the UAE is planning 54,438 new hotel rooms, representing 31.8% of its existing supply

UAE dominates Middle East hotel construction pipeline in July
STR’s July hotel pipeline data showed 427 projects accounting for 123,742 rooms in construction in the Middle East.

The UAE continued to dominate the Middle East's hotel construction pipeline in July, according to new figures from analysts STR.

STR’s July hotel pipeline data showed 427 projects accounting for 123,742 rooms in construction in the Middle East.

Out of these, the UAE led with 54,438 rooms, which represented 31.8 percent of the market’s existing supply, followed by Saudi Arabia with 41,207 rooms (40.5 percent of existing supply).

Also prominent in the hotel construction list was Oman with 4,589 rooms, almost a quarter of its existing market.

The Middle East's total represented a 2.1 percent year-over-year increase in the number of rooms in the final phase of the development pipeline.

The region reported an additional 30,240 rooms in the final planning stage and 45,948 rooms in planning.

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