Middle East/Africa Hotel Pipeline Grows in October

The Middle East/Africa region has reported 646 Hotels under contract totaling 151579 rooms, according to the October 2014 STR Global Construction Pipeline Report.

The report indicates an increase of nine hotels from the September Global Construction Pipeline Report, which reported that 637 hotels were under contract totaling 151,205 rooms.

The under contract data includes projects in construction, final planning and planning stages but it doesn’t include projects in the unconfirmed stage.

Among the chain scale segments, the upper upper scale segment accounted for the largest portion of rooms under contract (36.4 per cent) with 55,172 rooms.

Three other segments each account for more than 10 percent of rooms under contract: Luxury segment (18.9 with 28,628 rooms); the upscale segment (18.4% with 27,833 rooms); and the unaffiliated segment (14.1 % with 21,327 rooms)

The upper upper scale segment accounted for the largest portion of rooms in construction (37.4 percent) with 27,503 rooms, followed by the luxury segment (21.7 percent with 15,952 rooms) and the upscale segment (19.6 percent with 14,429 rooms)

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