Wednesday, July 8, 2020

Ferragamo’s print profusion’s the pick-me-up we never knew we needed

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Middle East hotel room construction rises, UAE leads with 54,438 rooms

Hotel construction in the Middle East rose with 427 projects accounting for 123,742 rooms while Africa’s hotel room construction decreased, STR’s July 2019 hotel pipeline data showed.

According to the data, the Middle East total represented a 2.1% year-over-year increase in the number of rooms in the final phase of the development pipeline. The region reported an additional 30,240 rooms in the final planning stage and 45,948 rooms in planning.

The Africa room construction total was down by 1.8% year over year. With 138 projects and 25,986 rooms in construction, the region showed 17,485 rooms in final planning and 23,954 rooms in planning.

The United Arab Emirates led with 54,438 rooms, which represented 31.8% of the market’s existing supply, followed by Saudi Arabia which has a total of 41,207 rooms, 40.5% of existing supply.

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