Dubai
The hotel development pipeline in the Middle East and Africa (MEA) includes 525 hotels, with 127,840 rooms in January 2014, according to the January 2014 STR Global Construction Pipeline report.
Accounting for the majority of rooms in the total active pipeline was the upper upscale segment, with 43,183 rooms.
The upscale segment, meanwhile, accounted for 25,213 rooms, while the luxury segment represented 25,150 rooms, and the unaffiliated segment had 21,260 rooms.
The upper upscale segment accounted for the majority of rooms under construction (24,905 rooms), followed by luxury segment (with 14,142 rooms) and the upscale segment (with 13,252 rooms), as per the STR estimates.
Hotels in the MEA posted an occupancy rate of 59.5 per cent, up 3 per cent in December compared to the same time in 2012, STR Global data showed. Average daily rate (ADR) touched $180.65, representing 4.2 per cent growth, leading Revenue per Available Room (RevPAR) to reach $107.44, up 7.3 per cent.
In the UAE, hotels recorded 76.3 per cent occupancy, reflecting a buoyant hospitality industry.
In Amman, Jordan, occupancy grew by 15.6 per cent to 56.9 per cent, while in Cairo, occupancy fell 15.6 per cent to 35.1 per cent.
