Dubai Dubai

159,711 Rooms Under Contract in Middle East

STR’s May 2017 Pipeline Report revealed that 159,711 keys in 581 hotel projects were under contract in the Middle East, a 3.8 percent year-on-year increase in the number of rooms in the construction or planning stages.

Moreover, the number of units in the construction phase rose 15.5 percent compared to May 2016, with a total of 93,984 rooms in 302 properties.

In terms of keys, Saudi Arabia led the growth with 40,145 rooms in 95 projects, followed by the UAE with 32,604 beds in 116 developments and Qatar with 9,147 units in 37 upcoming hotels.

Meanwhile, during the month under review, 58,501 rooms in 318 projects were under contract in Africa, with Egypt reporting 4,775 keys in 14 developments.