STR-Global

630 hotels totaling to 147,754 room under contract in MEA

: Sunday, August 31 - 2014 @ 09:24

STR Global stated that The Middle East and Africa (MEA) has 630 hotels totaling to 147,754 room under contract. The July 2014 STR Global Construction Pipeline Report noted that ‘Under Contract’ data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage, TradeArabia reported. Among the Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms Under Contract in the region (36.4%) with 53,794 rooms. The three other segments each made up more than 10 % of rooms Under Contract: the Upscale segment with 18.6%, the Luxury segment at 18.5 % and the Unaffiliated segment at 13.9%. Meanwhile, the Upper Upscale segment made up the largest portion of rooms under construction, followed by the luxury segment and the upscale segment.

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Sunday, August 31- 2014 @ 9:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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