Monday, February 24, 2020

Travel, Tourism & Hospitality


Close to 145,000 hotel rooms under construction in MEA
February 2020 230

Hotel supply in the Middle East and Africa (MEA) continues to grow as the region registered a total of 565 properties with 144,268 rooms under construction in January.

Of the total, about 419 hotels (117,328 rooms) are in the Middle East, while the rest are in the African region, the January 2020 hotel pipeline data from STR showed.

UAE topped the MEA list for the largest number of rooms under construction with the total put at 49,559 rooms.

Three other markets reported more than 4,000 rooms under construction: Saudi Arabia (40,218 rooms), Qatar (14,113 rooms) and Egypt (5,710 rooms).

The Middle East total represented a 7.7 per cent year-over-year decrease in the number of rooms in the final phase of the development pipeline. The region also reported an additional 31,487 rooms in the final planning stage and 52,427 rooms in planning.

The Africa room construction total was down 0.7 per cent year-over-year. Africa also showed 18,234 rooms in final planning and 22,546 rooms in planning. - TradeArabia News Service








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