STR Global Construction Pipeline Report launched in October 2015 reveals an increase in hotels under construction in the Middle East and Africa region.
The report stated that there are 781 hotels currently under contract in the region. This represents a 29.1% increase in rooms compared with October 2014 and a 43.1% year-over-year increase in rooms under construction.
The under contract data includes projects under construction, in final planning and planning stages. However, the data does not include the projects under the unconfirmed stage.
In October 2015, the region reported 105,177 rooms in 407 hotels under construction for the month.
Sister publication, Hotel News ME, will publish a full analysis and round-up of the regional pipeline in its January issue, detailing all the major openings planned for 2016.