PORTSMOUTH, NH—Analysts at Lodging Econometrics (LE) report that the hotel construction pipelines for the Middle East and Africa continue to grow, resulting in 875 projects/216,045 rooms combined, according to the latest report.
The total Middle East pipeline has 594 projects/170,490 rooms and is up 23 percent by rooms year-over-year (YOY). This is the 16th consecutive quarter of pipeline growth seen by the Middle East. The number of projects under construction in the Middle East is up 13 percent YOY at 358 projects/113,830 rooms. Those scheduled to start construction in the next 12 months are at 127 projects/31,752 rooms, up 9 percent, while projects in early planning stages stand at 109 projects/24,908 rooms—up 31 percent YOY.
Africa’s hotel construction pipeline has 281 projects/45,555 rooms—up 21 percent by projects YOY. The number of projects under construction in Africa is up only 1 percent YOY to 127 projects/21,233 rooms. Those scheduled to start construction in the next 12 months are at 79 projects/11,954 rooms, up 65 percent, while projects in early planning stages stand at 75 projects/12,368 rooms—up 29 percent.
