Luxury hotels on the rise in MEA: STR Global

More luxury rooms for MEA region
More luxury rooms for MEA region

The recent STR Global Construction Pipeline Report for January 2015 disclosed that there are 633 hotels totalling 147,953 rooms under contract in the Middle East/Africa region.

Among chain scale segments, the upper upscale segment accounted for largest portion of rooms in the under contract (36%) with 53,257 rooms. Two other segments each accounted for more than 15% of rooms in under contract: the upscale segment (20.8% with 30,703 rooms) and luxury segment (18.8% with 27,820 rooms).

The upper upscale segment made up the largest portion of rooms under construction (40.3% with 29,770 rooms, followed by the luxury segment (22.2% with 16,448 rooms) and the upscale segment (19.9% with 14,699 rooms).

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