MEA adds 15,735 new rooms in 2012: STR Global
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The Middle East/Africa hotel industry opened 68 new hotels with 15,735 rooms in 2012, according to STR Global.
The Upper Upscale segment added the most new rooms in 2012 with 3,600 rooms in 10 properties, followed by the luxury segment (11 hotels with 3,508 rooms) and the upscale segment (16 hotels with 3,467 rooms). The Midscale segment reported the largest increase of new rooms added in 2012 compared with new rooms added in 2011, rising 79.5% with 10 hotels and 1,431 rooms. The Economy segment reported the smallest number of new rooms in 2012 with 242 rooms in two properties.
The Middle East/Africa hotel development pipeline comprises 478 hotels totalling 119,233 rooms, according to the December 2012 STR Global Construction Pipeline Report.