STR Global: MEA pipeline for March
The Middle East/Africa hotel development pipeline comprises 573 hotels totalling 137,193 rooms, according to the March 2014 STR Global Construction Pipeline Report. The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
In the remainder of the year, 125 hotels with 27,775 rooms are expected to open. The Unaffiliated segment expects to add the most new rooms (7,803 rooms in 30 hotels), followed by the Upper Upscale segment (6,559 rooms in 26 hotels) and the Luxury segment (5,980 rooms in 25 hotels).
In 2015, 130 hotels with 32,142 rooms are projected to open. The most rooms are expected to be added in the Upper Upscale segment (12,507 rooms in 42 hotels), followed by the Upscale segment (7,689 rooms in 36 hotels) and the Luxury segment (4,575 rooms in 21 hotels).
Please note: STR recently revised the pipeline definitions. What was formerly known as the Total Active Pipeline is now referred to as Under Contract. The Pre-Planning phase also has been renamed to the Unconfirmed phase.
STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, STR Analytics and Hotel News Now.
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