Up to 119 hotels being built in MEA in 2011
STR Global says 50 hotels opened in 2011 with 69 more before year end
As many as 119 hotels are predicted to be built in the Middle East/Africa region this year, according to the latest data published by STR Global.
Year-to-date, 50 hotels have opened in the region supplying a further 9663 rooms with another 69 hotels (15,420 rooms) in the pipeline for completion before the end of 2011, STR Global said.
During 2012, 131 hotels are planned to open with 36,205 rooms, it added.
In its latest Construction Pipeline Report, the industry experts said the region has 481 hotels totalling 130,479 rooms.
"The room growth in the region still continues, as 4390 rooms have been added to the total active pipeline since August," said Elizabeth Randall, managing director of STR Global.
“With 36,205 rooms in the region’s pipeline for 2012 and 29,260 rooms planned for 2013, it is clear the Middle East/Africa region still an attractive region for development," she added.
Among the hotel sectors, the upper upscale will be boosted by 3733 rooms and 15 projects this year and the luxury segment by 3052 rooms and 13 projects.
STR Global said in 2012, the most rooms are planned to open in the luxury segment (11,123 rooms and 34 projects) and the upper upscale category (10,198 rooms and 31 projects).
On Tuesday, STR Global said hotels in Dubai are set to see revenue per available room grow by 8-9% in 2011.
Its forecast for the UAE city said it also anticipates demand growth of nearly 15% for the full year as international tourists number more than eight million.
STR Global said that new supply growth in 2012 is expected to reach 9.6%, causing both rate and occupancy to slow down.
In September, STR Global said Abu Dhabi could see a further 90% growth in its hotel offerings if all the rooms currently in its construction pipeline are built.
Hotel room growth in the UAE capital would rise by 90.3% if all 13,534 rooms are built, STR Global said.