Mideast hotel pipeline sees 965 fewer rooms in May
Abu Dhabi has 14,712 rooms in active pipeline
The Middle East and Africa hotel development pipeline shrank by nearly 1,000 rooms in May, according to latest figures released by STR Global on Thursday.
Its research showed that the number of hotels in the pipeline totalled 468 - one up from the previous month - with 127,938 rooms, down from 128,903 in April.
According to the May 2010 STR Global Construction Pipeline Report, the UAE ended the month with the most rooms in the total active pipeline with 55,629 rooms.
The UAE also reported the most rooms in the in construction phase with 29,323 rooms. Saudi Arabia reported 15,770 rooms in the total active pipeline, STR Global added.
Among the key markets in region, Dubai reported the largest number of rooms in the total active pipeline (32,516) and in the in construction phase (16,510 rooms).
Abu Dhabi, whose hotels have seen double digit falls in revenue per available room each month in 2010, followed with 14,712 rooms in the total active pipeline and 8,460 rooms in the In Construction phase.
Among the hotel type segments, the upper upscale segment accounted for the largest portion of rooms in the total active pipeline with 26.1 percent (33,448 rooms) while the luxury segment made up 21 percent (26,816 rooms).
As of the end of May, the region's hotel rooms totalled 578,145 with a further 71,707 in construction and a total of 127,938 in the total active pipeline.