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Fri 29 Nov 2019 02:35 AM

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UAE leads Middle East hotel construction with 53,000 rooms in pipeline

STR's October hotel pipeline data shows the UAE is leading the Middle East's pipeline of 434 projects accounting for 119,991 rooms

UAE leads Middle East hotel construction with 53,000 rooms in pipeline

The UAE (52,810 rooms) was followed by Saudi Arabia with 38,912 rooms, which represents 38.3 percent of existing supply.

The UAE has a hotel construction pipeline of nearly 53,000 rooms, about 30 percent of the market's existing supply.

STR’s October hotel pipeline data showed the UAE is leading the Middle East's pipeline of 434 projects accounting for 119,991 rooms.

The UAE (52,810 rooms) was followed by Saudi Arabia with 38,912 rooms, which represents 38.3 percent of existing supply.

Oman is also building up its hotel inventory and is planning to build 5,049 new rooms, over 26 percent of its current market supply, the figures showed.

The Middle East total represented a 5.7 percent year-on-year decrease in the number of rooms in the final phase of the development pipeline.

The region reported an additional 28,541 rooms in the final planning stage and 45,273 rooms in planning.

In the wider MENA region, the Africa room construction total was down 4 percent year-on-year. Africa also showed 18,807 rooms in final planning and 22,629 rooms in planning.

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