In hotel construction, Middle East rises & Africa goes down!

Published on : Thursday, May 16, 2019

The April 2019 pipeline data of STR showed 424 hotel projects accounting for 125,052 rooms in building in the Middle East and 141 projects and 25,056 rooms in construction in Africa.

 

The Middle East total represented a 9.3% annual growth in room numbers in the final phase of the development pipeline. In the final planning stage, the Middle East reported an extra 30,203 rooms and 45,991 rooms in planning.

 

The Africa total room construction went down 7.1% annually. Also, Africa showed 13,854 rooms in final planning and 26,534 rooms in planning.

 

Between the Middle East and Africa, four countries showed over 4,000 rooms under construction. United Arab Emirates led with 56,701 rooms, which represented 33.6% of the country’s existing supply, followed by Saudi Arabia (42,571 rooms, 42.9% of existing supply).

 

1. United Arab Emirates: 56,701 rooms (33.6%)
2. Saudi Arabia: 42,571 rooms (42.9%)
3. Qatar: 13,086 rooms (47.8%)
4. Oman: 4,129 rooms (21.7%)

 

Europe hotel construction up 48.6% in April

 

The pipeline data of STR for Europe showed 1,454 hotel projects estimating for 187,198 rooms in construction as of April 2019. This showed a 48.6% year-over-year growth in the number of rooms in the final phase of the development pipeline.

 

A maximum of the rooms of the region in construction are in three segments. Of those three, unaffiliated projects represented the largest percentage increase (+119.9%) in activity year over year.

 

1. Unaffiliated: 57,274 rooms (+119.9%)
2. Upscale: 40,477 rooms (+34.0%)
3. Upper Midscale: 31,127 rooms (+16.1%)

 

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