Analysts at Lodging Econometrics (LE) report that the construction pipelines for the Middle East and Africa continue to grow resulting in 875 projects/216,045 rooms combined, according to LE’s recent Trend Report.
The Total Middle East pipeline has 594 projects/170,490 rooms and is up 23 per cent by rooms Year-Over-Year (YOY). This is the 16th consecutive quarter of pipeline growth seen by the Middle East. In the Middle East, there are 358 projects/113,830 rooms under construction, up 13 per cent by projects YOY. Those scheduled to start construction in the next 12 months are at 127 projects/31,752 rooms, up 9 per cent while projects in early planning stand at 109 projects/24,908 rooms are up 31 per cent.
The total Africa pipeline has 281 projects/45,555 rooms and is up 21 per cent by projects YOY. In Africa, there are 127 projects/21,233 rooms under construction, up only 1 per cent by projects YOY. Those scheduled to start construction in the next 12 months are at 79 projects/11,954 rooms, up a whopping 65 per cent, while projects in early planning stand at 75 projects/12,368 rooms are up 29 per cent.