Middle East/Africa pipeline for June 2009
The Middle East/Africa hotel development pipeline includes 463 hotels with 124,409 rooms, according to the June 2009 STR Global Construction Pipeline Report released last week.
Among the key markets, Dubai, UAE, reported the largest number of rooms in the In Construction phase (17,300 rooms), as well as total active pipeline (33,319 rooms). Abu Dhabi, UAE, followed with 11,196 rooms in the In Construction phase and 16,994 rooms in the total active pipeline. Jeddah, Saudi Arabia, was the third most active market with 1,299 rooms in the In Construction phase and 2,979 rooms in the total active pipeline.
“What’s being built is very similar to what we’re seeing in Asia/Pacific; primarily it’s the high-end Luxury, Upper Upscale and Upscale,” Vinson said. “Sixty-one percent of the projects in the total active pipeline are in those three chain scales.”
Four of the seven Chain-Scale segments accounted for the majority of the rooms in the total active pipeline. The Luxury segment had the largest percent of rooms in the total active pipeline, accounting for 25.1 percent with 31,194 rooms. The Unaffiliated segment made up 23.4 percent with 29,106 rooms in the total active pipeline. The Upscale segment (22.3 percent with 27,746 rooms) and the Upper Upscale segment (17.0 percent with 21,178 rooms) accounted for a large portion of the total active pipeline as well. The Midscale without Food and Beverage segment reported the smallest amount of rooms and made up the smallest amount of the total active pipeline (0.9 percent with 1,180 rooms).
Rachael Spann Urie
Phone: +1 (615) 824-8664 ext. 3305
About STR Global
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to thehotel 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, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com.