637 Hotels Under Contract in MENA

The Middle East and Africa has 637 hotels under contract, with 151,205 rooms, according to STR Global’s September construction pipeline report.

139 hotels opened year to date, with 33,232 rooms in the region, according to the global research firm. It expects 82 hotels, with 18,538 hotels to open in the remainder of 2014.

The most rooms are planned to be added in the upper scale segment (5419 in 18 hotels), followed by the unaffiliated segment (4626 rooms in 22 hotels), the upscale segment (3,531 rooms in 13 hotels) and the luxury segment (3480 rooms in 150 hotels).

By 2015, 145 hotels, with 32,271 rooms are due to open in the region. The upper upscale segment is expecting to add the largest addition of rooms. i.e. 38 hotels with 12,516 rooms, followed by the luxury segment (26 hotels with 5,318 hotels) and the upper segment (31 hotels, with 5,024 rooms)

A number of hotels have opened in the UAE, in 2014, such as the Double Tree by Hilton Hotel and Residences in Al Barsha-Dubai, Sofitel Downtown and Holiday Inn Abu Dhabi downtown.

According to the data provided by the Dubai’s Department of Tourism and Commerce Marketing, more than 7000 rooms were added in Dubai since June last year bringing the total to number to 88,680 rooms across 634 properties.

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