Hotel pipeline activity boom in Middle East & Africa-report

[divider style=”solid” top=”25″ bottom=”25″][dropcap]M[/dropcap]iddle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the third quarter, according to September 2022 data from STR.

September 2022 (% changes in comparison with September 2021)

Europe

  • In Construction: 197,884 rooms (-14.1%)
  • Final Planning: 144,277 rooms (-16.1%)
  • Planning: 162,896 rooms (+9.7%)
  • Total Under Contract: 505,057 (-8.3%)

Germany (38,676) and the U.K. (29,471) lead Europe in total rooms in construction.

Asia Pacific

  • In Construction: 485,250 rooms (+1.5%)
  • Final Planning: 131,427 rooms (-26.3%)
  • Planning: 287,572 (-0.2%)
  • Total Under Contract: 904,249 rooms (-4.3%)

Among countries in the region, China has the most rooms in construction (311,859), followed by Vietnam (28,692).

Middle East & Africa

  • In Construction: 130,956 rooms (-3.2%)
  • Final Planning: 38,147 rooms (-5.9%)
  • Planning: 74,510 rooms (+18.9%)
  • Total Under Contract: 243,613 (+2.2%)

Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (39,070) and United Arab Emirates (32,373) lead in construction activity.

Americas

  • In Construction: 207,585 rooms (-9.2%)
  • Final Planning: 203,069 rooms (-17.9%)
  • Planning: 329,789 rooms (+9.4%)
  • Total Under Contract: 740,443 (-4.8%)

The U.S. holds the majority of rooms in construction in the region. After the U.S., Mexico (14,077) and Canada (7,126) have the highest number of rooms in construction in the region.

Also Read

The Africa Energy Indaba Launches EV International Conference & Expo

Africa’s longest oil pipeline 30% complete

theafricalogistics

Recent Posts

The ultimate guide to travel agent jobs: Salaries, skills, and opportunities

  Travel agents have long been integral in helping travelers navigate the world with ease…

1 hour ago

Top 10 common errors DV Lottery applicants make and how to avoid them

The Diversity Visa (DV) Lottery program, also known as the green card lottery, offers a…

2 hours ago

Discover Costa Rica: Exclusive travel packages for every adventurer

Costa Rica is renowned for its lush rainforests, stunning coastlines, and rich biodiversity, making it…

3 hours ago

Secrets Disney travel agents know that you don’t

Planning a Disney vacation can be a dream come true – but it can also…

4 hours ago

Stress-free travel: Best all-inclusive tour packages for every traveler

Traveling can be one of the most rewarding experiences, but planning a trip often brings…

5 hours ago

Top vacation packages for every budget

When planning a vacation, finding the right package to fit your budget is essential. Whether…

8 hours ago