STR Global: 151,771 hotel rooms under contract in the Middle East
Posted on 9th March 2016
The Middle East and Africa hospitality market is witnessing solid growth with a total of 213,965 rooms under construction in the region, said a report.
Of the total, about 151,771 rooms are under contract in the Middle East, while the rest are in the African region, said a report.
The Saudi city of Makkah topped the MEA list for the largest number of rooms under construction with the total put at 21,068 rooms in 13 hotels, according to the January Pipeline Report from STR Global.
Three other markets reported more than 5,000 rooms under construction: Dubai, UAE (19,846 rooms in 63 hotels); Riyadh, Saudi Arabia (6,738 rooms in 30 hotels); and Doha, Qatar (5,980 rooms in 26 hotels).
As tourism continues to steadily grow in the Middle East, Arabian Travel Market (ATM), a leading regional travel trade exhibition taking place in Dubai next month, has planned to focus on mid-market tourism, which is becoming a key area of opportunity for regional destinations.
“As tourism infrastructure across the Gulf and beyond continues on its high profile development path, our spotlight theme for 2016 has turned to mid-market tourism,” said Nadege Noblet-Segers, exhibition manager, Arabian Travel Market.
“This has been identified as both an underdeveloped and potential growth area for the region, driven by demand from the growing middle class markets such as China, India and Africa combined with budget Generation Y travellers and young families,” he added, according to Tradearabia news reports.
According to experts, a key point of discussion will be the number of new hotel rooms entering the market, including the share that is planned to be in the four- and three-star classificationBack to all Construction News
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