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19-10-12

150 hotels to be added in ME, Africa in 2013

(MENAFN) STR Global revealed that in 2013, around 150 hotels will be constructed in the Middle East and Africa with 37,349 rooms, as the region plans to attract more tourists, reported Arabian Business. The data showed that 46 hotels opened in the region year-to-date, adding 10,510 rooms, whereas another 72 additional hotels are expected to be launched in the region during the rest of the year, adding 18,072 rooms. In 2013, the Upper Upscale division is set to add the most rooms with 9,870 rooms in 35 hotels. Hotel construction markets in Saudi, Oman and the UAE are forecast to see strong double-digit growth. Over 6,400 rooms are in Riyadh's hotel construction pipeline, making it the Middle East's largest market for potential growth. The city's hotel sector could expand by 84.5 percent in case all 6.413 rooms in the pipeline open, whereas Jeddah's hotel market is set for major growth of 70.7 percent with 4,225 rooms forecasted to open. It is worth noting that that the STR Global's report also showed that Muscat was set for an expansion of 60.9 percent if all 2,634 rooms open, whereas UAE's Abu Dhabi is set to see 50.7 percent with 9,114 rooms in the pipeline, and Dubai is set to see a 28.6 percent growth with 17,409 rooms.

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