650
According to statistics supplied by analytics firm STR, hotel pipeline activity in the MENA region broke a global trend by increasing at the end of 2022. The data shows that 238,635 hotel rooms were under contract in the region in December, representing a 1.1% increase over the same month in 2021.
This gain contrasted with declines in all other regions, with Europe falling 11.2%, Asia Pacific falling 5.4%, and the Americas falling 3.2%.
This gain contrasted with declines in all other regions
Leading the way in hotel room construction in the MENA region was Saudi Arabia, accounting for 40,742.
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