You are hereHome
UAE continues to dominate regional hotel projects' pipeline
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Fri November 19, 2010 11:52 pm

INTERNATIONAL. The Middle East/Africa hotel development pipeline comprises 443 hotels totalling 121,218 rooms, according to the October 2010 STR Global Construction Pipeline Report released this week.

“The pipeline across the region has held steady compared to last month”, said Elizabeth Randall, managing director of STR Global.

“However, we see less hotels in the ‘recently opened’ phase because of the downturn last year and the slower revenue per available room recovery in the region. The United Arab Emirates, driven primarily by Abu Dhabi and Dubai, continued to dominate the number of projects in the total active pipeline among countries in the region”.

Among the Chain Scale segments, the Upper Upscale segment accounted for the largest portion of the total active pipeline with 28.7% and 34,805 rooms. Three other segments each made up more than 10% of rooms in the total active pipeline: the Unaffiliated segment (25.2% with 30,605 rooms); the Luxury segment (19.9% with 24,106 rooms); and the Upscale segment (13.8% with 16,679 rooms).

The Midscale without Food and Beverage segment accounted for the smallest portion of the total active pipeline with 0.7% and 799 rooms.

lFor more information about STR Global , please visit www.strglobal.com.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: December 10, 2016
UAE. Fintech innovations could add 150 million new Islamic banking customers by 2021, says EY; The GCC region's share of participation banking increased to 72%; Saudi Arabia, the UAE and Malaysia are the three largest participation banking markets, in terms of assets.
date:Posted: December 9, 2016
UAE. New research from Bain & Company and Red Hat indicates that many traditional companies are at an early stage in their digital journey; leaders stand out based on their use of advanced technologies, such as cloud computing, advanced analytics and modern app development.
date:Posted: December 9, 2016
UAE. Insurers have been prompted to prepare for the effects that VAT and changes to international financial reporting standards (IFRS) will have on their industry as well as assessing the impact of new insurance regulations that came into effect earlier this year.
UAE. Fintech innovations could add 150 million new Islamic banking customers by 2021, says EY; The GCC region's share of participation banking increased to 72%; Saudi Arabia, the UAE and Malaysia are the three largest participation banking markets, in terms of assets.
dhgate