41,000 hotel rooms under construction in Saudi Arabia: report
Nearly 41,000 hotel rooms are under construction in Saudi Arabia, according to STR’s July report.
The United Arab Emirates topped the region with 54,438 rooms in construction, with Oman and Egypt with 4,589 and 4,100 rooms respectively.
Overall, the July 2019 hotel pipeline data showed 427 projects accounting for 123,742 rooms in construction in the Middle East and 138 projects and 25,986 rooms in construction in Africa.
The Middle East total represented a 2.1 percent year-over-year increase in the number of rooms in the final phase of the development pipeline. A total of 30,240 rooms are in the final planning stage and 45,948 rooms in planning, the report said.
Meanwhile, the Africa room construction total was down 1.8 percent year over year with 17,485 rooms in final planning and 23,954 rooms in planning.