MEA report 589 hotels under contract

June 17, 2014 1:48 pm

According to the May 2014 STR Global Construction Pipeline Report, the Middle East and Africa hotel region reported 589 hotels under contract – totalling 137,784 rooms, Hotelier Middle East has reported. The under contract data includes projects in the construction, final planning and planning stages, but does not include projects in the unconfirmed stage. Accounting for the largest portion of rooms under contract was the upper upscale segment, with 35.8% of total rooms, numbering 49,260.