Hotel boom in the Middle East and Africa
The UAE recorded the majority of rooms under construction in the region, with 16,762 rooms. It was followed by Saudi Arabia (16,336 rooms), Qatar (5,757 rooms), Egypt (2,966 rooms), Morocco (2,466 rooms) and Jordan (2,438 rooms).
This year is expected to see the opening of 125 hotels with 27,775 rooms. STR Global forecasts 130 hotels with 32,142 rooms to open by next year.
French hotel operator, Accor, for instance, which currently has 65 hotels and 28 in the pipeline in the Middle East, expects to have 100 hotels by 2017. Meanwhile, the U.S. hotel chain, Marriott International, aims to have 10,000 rooms in Dubai by 2020. Regionally, the company plans to more than triple its room numbers in the Middle East and Africa from 20,000 to 70,000 over the next seven years.
Dubai has 84,534 hotel rooms as of the end of 2013. By 2017, the emirate is likely to see the addition of 25,000 rooms, with a large portion of the supply in the three- and four-star segment. ■