Rate of new hotels being added goes down: report
The number of new hotels being added to the development pipeline of the Middle East and Africa region slowed down considerably last month, revealed data from STR Global, a research company. There are about 457 hotels in the development pipeline and just one more was added last month.
According to the company’s February report, 124,142 rooms were in development while in January, 14 new hotels were added to the development pipeline, compared to December 2009, while hotel rooms under construction grew by more than 3,000. UAE continued to report the largest number of rooms in the total active pipeline with 52,566, followed by Saudi Arabia with 14,178.
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