STR Global Reports Middle East & Africa Hotel Pipeline for November 2010
“The UAE and Saudi Arabia still are seeing the majority of hotel rooms in the pipeline as well as in the construction phase”, said Elizabeth Randall, managing director of STR Global. “The UAE dominates the total active pipeline with 49,382 rooms, of which almost half are in construction. Qatar, which recently was named host city for the 2022 FIFA World Cup, has 6,192 rooms in the pipeline, of which 4,927 are under construction. With the interest building to the 2022 World Cup, we expect these numbers to increase over the coming years. Egypt, which has the third most rooms in the total active pipeline, is getting surpassed by Qatar and Jordan, which both have lesser rooms in the overall pipeline but more rooms under construction”.
Among the region’s countries, the United Arab Emirates ended the month with the largest number of rooms in the In Construction phase with 24,251 rooms. Saudi Arabia followed with 6,344 rooms in the In Construction phase. Three other countries reported more than 3,000 rooms in the In Construction phase: Qatar (4,927 rooms); Jordan (4,006 rooms); and Egypt (3,800 rooms).
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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.
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