The Middle East and Africa hotel construction pipelines continue to grow
PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) report that the Construction Pipelines for the Middle East and Africa continue to grow resulting in 875 Projects/216,045 Rooms combined, according to LE’s recent Trend Report.
The Total Middle East Pipeline has 594 Projects/170,490 Rooms and is up 23% by rooms Year-Over-Year (YOY). This is the 16th consecutive quarter of pipeline growth seen by the Middle East. In the Middle East, there are 358 Projects/113,830 Rooms Under Construction, up 13% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 127 Projects/31,752 Rooms, up 9%, while projects in Early Planning stand at 109 Projects/24,908 Rooms are up 31%.
The Total Africa Pipeline has 281 Projects/45,555 Rooms and is up 21% by projects YOY. In Africa, there are 127 Projects/21,233 Rooms Under Construction, up only 1% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 79 Projects/11,954 Rooms, up a whopping 65%, while projects in Early Planning stand at 75 Projects/12,368 Rooms are up 29%.