By Staff writer
Gulf countries have more than 72,000 hotel rooms in the pipeline between them, says STR
Saudi Arabia and the UAE continue to dominate the Middle East's hotel construction market, according to new figures for May.
STR's May 2017 Pipeline Report showed Saudi Arabia has 40,145 rooms in a pipeline of 95 projects while the UAE has 32,604 rooms in 116 projects.
This is more than a quarter of the total 159,711 rooms in 581 hotel projects under contract in the Middle East, STR data revealed.
The next biggest hotel construction market in the region is Qatar, which has 9,147 rooms in 37 projects under contract.
Under contract data includes projects in the in construction, final planning and planning stages.
The total in the Middle East represented a 3.8 percent increase in rooms compared to May 2016 while in the in construction phase, the Middle East reported 93,984 rooms in 302 hotels, up by 15.5 percent over the same period.