Thursday, July 13, 2017

160,120 hotel rooms 'under contract' in Middle East

There are 160,120 rooms in 583 hotel projects under contract in the Middle East, according to STR’s June 2017 Pipeline Report. This is a 3.6 per cent increase compared with June 2016.

Under contract data includes projects in the in-construction, final planning and planning stages but does not include projects in the unconfirmed stage, said STR, a leading market research agency.

Specifically, in the in-construction phase, the Middle East reported 94,748 rooms in 300 projects. Based on number of rooms, that is a 15.6 per cent increase in year-over-year comparisons.

Meanwhile, the report said there are 56,289 rooms in 310 projects under contract in Africa.

The under contract total in Africa represents a 1 per cent increase compared with June 2016. In the in-construction phase, Africa reported 28,700 rooms in 165 hotels, a 6.5 per cent decrease in year-over-year comparisons. - TradeArabia News Service



from Travel Tourism Hospitality


Links topic: http://www.wegocasablanca.com/2017/07/160120-hotel-rooms-under-contract-in.html