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Mon 21 Nov 2016 01:54 PM

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Saudi holy city leads Middle East hotel construction drive

Latest STR data shows that Makkah currently has more than 24,000 rooms under construction

Saudi holy city leads Middle East hotel construction drive

The Saudi holy city of Makkah currently has 24,090 rooms in 15 projects under construction, the most in the Middle East.

According to STR’s October 2016 Pipeline Report, Dubai with 19,687 rooms in 67 hotels, is the only other market in the region to report more than 10,000 rooms under construction.

Regionally, the report showed that there were 158,714 rooms in 554 projects under contract in the Middle East.

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 an 11.7 percent increase in rooms compared with October 2015.

Specifically in the in construction phase, the Middle East reported 84,477 rooms in 260 hotels, a 9.1 percent increase in year-over-year comparisons.

Last month, a report by JLL said a total of 5,500 hotel rooms have entered the Dubai market since the beginning of the year, indicating the continued momentum in Dubai’s hospitality and tourism sector.

It said among the projects completed in the third quarter of 2016 were Westin Al Habtoor with around 1,000 rooms, and Atana Hotel in TECOM with 830 rooms with more major projects expected to complete by the end of 2016.

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