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First UAE in the regional and European hotel rooms «under construction»

2019-08-13T22:12:55.207Z

The total number of hotel rooms (under construction) in the UAE market reached 54,438 hotel rooms as of July 2019, according to STR, a hotel research firm, as the UAE continues to lead Europe, Middle East and Africa markets in hotel rooms.



The total number of hotel rooms (under construction) in the UAE market reached 54,438 hotel rooms as of July 2019, according to STR, a British hotel research company, as the UAE continues to lead Europe, Middle East and Africa markets in hotel rooms. Under construction".

Up to 4,000 hotel rooms have been registered in the Middle East, with the UAE at the forefront, followed by the Saudi market with 41.2 thousand hotel rooms. , Representing 40.5% of the current supply in the Kingdom.

According to British company data, the UAE outperformed the major European markets in the number of “under construction” rooms, including Germany, Britain, Spain and France.

The data showed that the UAE accounted for about 44% of the total number of hotel rooms «under construction» in the Middle East alone, indicating that hotel rooms «under construction» in the local market represents about 31.8% of the hotel capacity available.

The updated data as of the end of July 2019 showed 427 projects, including more than 123.7 thousand hotel rooms in the construction phase in the Middle East alone, in addition to 138 projects, including 26 thousand hotel rooms «under construction» in Africa, compared to 1504 hotel projects in the market European, as a whole, includes about 192 thousand hotel rooms.

The company noted that the number of hotel rooms 'under construction' in the Middle East, grew by 2.1% in July 2019, compared to the same period in 2018, while the growth declined by 1.8% for the African market, and the European market recorded a significant increase in the number of rooms `` Under construction '', by about 52%, compared to July 2018.

STR data, as of April 2019, also showed the UAE market leading Europe, Middle East and Africa markets in hotel rooms under construction, with the total number of hotel rooms under construction in the UAE market reaching 56,701 hotel rooms.

European market

The total number of hotel rooms in Germany amounted to 52.7 thousand hotel rooms «under construction», ranking second behind the UAE in the markets of Europe, Middle East and Africa, followed by the United Kingdom, which recorded more than 42 thousand hotel rooms, while Spain ranked fifth in the The regions mentioned after Saudi Arabia, more than 12.5 thousand hotel rooms, and the number of rooms in the French market about 9000 hotel rooms.

Source: emara

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