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STR: Middle East, Africa hotel pipeline increases YOY in July

Middle East and Africa's hotel pipeline registered growth year over year in July, according to STR's July 2017 Pipeline Report.

A total of 166,166 rooms spread across 590 hotel projects under contract in the Middle East were recorded during July, up 6.6% from figures recorded in the same comparable period in 2016. Hotels under construction in the region totaled 301 projects with 95,089 rooms, a year-over-year increase of 14.3% based on the number of rooms.

In Africa, a 1.2% year-over-year improvement was recorded in the number of rooms under contract, with 56,925 rooms in 308 projects, while the in-construction-phase pipeline comprised 28,500 rooms in 163 projects, a 4.8% decrease based on the number of rooms recorded a year ago.

Four key markets in the two regions reported over 5,000 rooms in construction, with Dubai recording the highest figure at 24,832 rooms in 85 projects, followed by Makkah, Saudi Arabia, with 23,816 rooms in 18 projects. Doha, Qatar, recorded 8,714 rooms in 36 projects in construction, while 6,712 rooms in 30 projects were posted in Riyadh, Saudi Arabia.

STR's under contract data takes into account projects in the in construction, final planning and planning stages, and excludes those in the unconfirmed stage.