Saudi Arabia Nearly Doubles UAE in Hotel Room Construction
Saudi Arabia has the largest hotel construction activity in the Middle East and Africa region, followed by United Arab Emirates, according to hotel research firm STR. Saudi Arabia topped the regional list with 42,033 hotel rooms, followed by United Arab Emirates with 22,324 rooms, as per March 2023 pipeline data report from STR. Most of the region’s pipeline activity is focused in the Middle East, STR said. In March, around 119,505 rooms were under construction in the Middle East and Africa, which is down 6 percent compared to March 2022. STR further noted that each of the four world regions — Europe, Asia Pacific, Middle East and Africa, and the Americas — showed a year-over-year decline in hotel construction activity, with Asia Pacific coming closest to its 2022 comparable. However, the picture is more positive for the Middle East and Africa. The region has 45,529 rooms in the “final planning stage,” up 20 percent year-on-year, while the rooms in the “planning stage” have gone up to 84,116, an increase of 21.2 percent year-on-year.