Tag Archives: Pipeline Report

STR’s February 2017 Pipeline Report shows 153,460 rooms in 540 hotel projects Under Contract in the Middle East and 58,374 rooms in 309 projects Under Contract in Africa. Two key markets in the Middle East and Africa region reported more than 10,000 rooms In Construction: Makkah, Saudi Arabia (22,370 rooms in 17 projects) and Dubai, United Arab Emirates (19,578 rooms in 64 projects). 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 a 1.3 per cent increase in rooms Under Contract compared with February 2016. Specifically in the In Construction phase, the Middle East reported 83,106 rooms in 263 hotels. Based on number of rooms, that is a 3.4% increase in year-over-year comparisons. The Under Contract total in Africa represents a 6.1% decrease in rooms Under Contract compared with February 2016. In the In Construction phase, Africa reported 29,084 rooms in 159 hotels. Based on number of rooms, that is a 1.6 per cent decrease in year-over-year comparisons.

STR’s June 2016 Pipeline Report shows 154,576 rooms in 550 hotels Under Contract in the Middle East and 55,736 rooms in 289 hotels Under Contract in Africa. The Under Contract total in the Middle East subcontinent represents a 23.5 per cent increase in rooms Under Contract compared with June 2015 and a 14.1 per cent year-over-year increase in rooms In Construction. The Middle East reported 81,951 rooms in 256 hotels under construction for the month. 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 Africa represents a 29.1 per cent increase in rooms Under Contract compared with June 2015 and a 31.5 per cent year-over-year increase in rooms In Construction. Africa reported 30,703 rooms in 157 hotels under construction for the month. Among the countries in the Middle East and Africa, Saudi Arabia reported the most rooms In Construction with 35,770 rooms in 81 hotels. United Arab Emirates followed with 26,989 rooms in 93 hotels. Two other countries each reported more than 5,000 rooms In Construction: Qatar (7,125 rooms in 30 hotels) and Egypt (6,095 rooms in 18 hotels).