Middle East/Africa tops hotel development pipeline
Region has most rooms in total active pipeline
The Middle East/Africa hotel development pipeline is among the largest in the world, according to the May 2010 STR Global Construction Pipeline Report released this week.
The pipeline comprises 468 hotels totalling 127,938 rooms, which places the region as the largest in terms of rooms, and second only to Europe in number of hotels (679 hotels totalling 117,996 rooms).
Within the Middle East/Africa region, the United Arab Emirates ended the month with the highest number of rooms in the total active pipeline, with 55,629 rooms, and also reported the most rooms in the ‘in construction’ phase, with 29,323 rooms.
Among the key markets in the region, Dubai, UAE reported the largest number of rooms in the total active pipeline with 32,516 rooms, and in the ‘in construction’ phase (16,510 rooms). Abu Dhabi, UAE, followed with 14,712 rooms in the total active pipeline and 8,460 rooms in the ‘in construction’ phase.
In the Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms in the total active pipeline, with 26.1% (33,448 rooms) followed by the Unaffiliated segment with 25.5% (32,568 rooms) and the Luxury segment with 21.0% (26,816 rooms).
The smallest portion of rooms was accounted for by the Midscale w/o F&B segment, with 1,070 rooms in the total active pipeline and the Economy segment with 5,607.