MEA region to see opening of 125 new hotels in 2014: report
According to the latest figures released by STR Global, the hotel development pipeline in the Middle East and Africa includes 573 hotels with 137,193 rooms as of March this year, Gulf News has reported. This year is expected to see the opening of 125 hotels with 27,775 rooms, the report said. The unaffiliated segment is likely to add 7,803 rooms in 30 hotels, followed by the upper upscale segment (6,559 rooms) and the luxury segment (5,980 rooms), it said. The research firm forecasts 130 hotels with 32,142 rooms to open by next year, the majority of which is likely to be in the upper upscale segment (12,507 rooms), followed by the upscale segment (7,689 rooms) and the luxury segment (4,575 rooms).