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21 December 2009

STR Global reports Middle East/Africa hotel pipeline for November 2009

STR Global reports Middle East/Africa hotel pipeline for November 2009
The Middle East/Africa hotel development pipeline includes 441 hotels comprising 119,560 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

STR Global reports Middle East/Africa hotel pipeline for November 2009

The Middle East/Africa hotel development pipeline includes 441 hotels comprising 119,560 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

Among the countries in the region, the United Arab Emirates reported the most rooms in the In Construction phase (28,153 rooms) and in the total active pipeline (51,594 rooms). Saudi Arabia followed with 7,243 rooms in the In Construction phase and 13,664 rooms in the total active pipeline. Zambia had the smallest amount of rooms in the In Construction phase and the total active pipeline with 215 rooms each.

Among the Chain Scale segments, three segments accounted for nearly 70 percent of the total active pipeline. The Unaffiliated segment made up the largest part of the total active pipeline with 24.6 percent and 29,437 rooms, followed by the Luxury segment with 24.0 percent and 28,734 rooms. The Upscale segment also accounted for a large portion of the total active pipeline with 21.1 percent and 25,187 rooms. The Midscale without Food and Beverage segment accounted for the smallest portion of the total active pipeline with 1.2 percent of the total active pipeline with 1,435 rooms.

About STR Global | STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.strglobal.com.

TAGS
united arab emirates, pipeline report, development pipeline, luxury segment, phase 28, global construction, construction phase, africa hotel, hotel development, saudi arabia, large portion, east africa, food and beverage, segments, zambia, middle east, hotels

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