150,762 Hotel Rooms Under Contract in MEA Region

According to the April 2015 STR Global Construction Pipeline Report, there are 654 hotels totalling 150,762 rooms Under Contract in the Middle East/Africa region.

This represents a 9.4% increase in rooms Under Contract compared with April 2014 and a 21.6% year-on-year increase in rooms under construction.

The region reported 78,824 rooms in 332 hotels under construction for the month.

Among the Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms in the Under Contract stage, 34.6% with 52,234 rooms. Two other segments each accounted for more than 15.0% of rooms Under Contract: Upscale (21.8% with 32,877 rooms) and Luxury (18.8% with 28,300 rooms).

The Upper Upscale segment made up the largest portion of rooms under construction, 38.0% with 29,915 rooms. Two other segments each accounted for more than 20.0% of rooms In Construction: Luxury (21.1% with 16,642 rooms) and Upscale (20.3% with 15,985 rooms).

The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.