STR: Middle East and Africa hotel pipeline for August 2016
LONDON -- STR's August 2016 Pipeline Report shows 156,460 rooms in 554 projects Under Contract in the Middle East and 56,846 rooms in 300 projects Under Contract in Africa. 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 20.1% increase in rooms Under Contract compared with August 2015. Specifically in the In Construction phase, the Middle East reported 83,653 rooms in 261 hotels, a 14.4% increase in year-over-year comparisons.
The Under Contract total in Africa represents a 25.4% increase in rooms Under Contract compared with August 2015. Specifically in the In Construction phase, Africa reported 29,928 rooms in 157 hotels, a 22.6% increase in year-over-year comparisons.
Among the countries in the Middle East and Africa, Saudi Arabia reported the most rooms In Construction with 35,611 rooms in 79 hotels. United Arab Emirates followed with 28,082 rooms in 97 hotels. Four other countries each reported more than 3,000 rooms In Construction: Qatar (7,980 rooms in 34 hotels), Egypt (6,128 rooms in 18 hotels), Jordan (3,161 rooms in 10 hotels) and Angola (3,157 rooms in 26 hotels).
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. For more information, please visit str.com.