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Its September Construction Pipeline Report said 442 hotels comprising 120,589 rooms were in the development stage in the MENA region. The UAE reported 57,126 rooms in the total active pipeline, the largest amount of any country in the region. Saudi Arabia also accounted for a large portion with 10,986 rooms while two other countries reported more than 5,000 rooms in the total active pipeline: Morocco (5,924) and Qatar (5,408). The luxury sector accounted for 24.6 percent (29,646 rooms) while the upscale segment reported 25,940 rooms for 21.5 percent of the total active pipeline. Earlier this month, a leading regional hospitality figure said Dubai's hotel room inventory was expected to reach 54,000 in 2010, a massive 40 percent increase on figures for 2008. Source: Arabian Business – 18 October 2009 |
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