Saudia Arabia's room supply is growing faster than the United Arab Emirates according to the latest figures from STR global which show a 60% supply growth in KSA compared to a 32% supply growth in the UAE.
This means that if all the rooms in the pipelines materialise, there will be a 60% and 32% increase in supply respectively in Saudi Arabia and the UAE.
Despite a 12-month moving average supply growth rate of the UAE (+8.2%), Saudi Arabia has a stronger pipeline in terms of rooms under contract.
The amount of rooms under contract in Saudi Arabia (35,587 rooms) is slightly more than the total in the UAE (34,226 rooms).
| Advertisement |
The UAE and Saudi Arabia combined accumulate to 68% of the existing room supply in the Middle East, where STR Global tracks 13 countries.
These two countries also account for 70% of rooms in the region’s pipeline.
The Middle East overall is the fasted growing region in the world, with 99,199 rooms under contract in the region. Existing room supply is expected to grow by 40%.
In Saudi Arabia, upscale and upper midscale hotels lead with the most rooms under contract, while luxury and upper upscale hotels top the most rooms under contract in the UAE.
Search our database of more than 2,700 industry companies
