Dubai to have 4,000 new hotel rooms in 2012: E&Y
Projected growth figures a reflection of the continued growth of the city, report says
The hotel rooms pipeline in Dubai has had 11,307 rooms last June, making it the largest in the Middle East and Africa region, according to US-based hospitality research firm, STR Global.
Abu Dhabi’s hotel rooms pipeline reached nearly half of those recorded in Dubai, the report said. Regionally, three other markets ended the month with over 1,000 rooms under construction including Riyadh with 4,474 rooms, Cairo with 2,209 rooms, and Amman with 1,719 rooms.
According to estimates by Ernst & Young, around 4,000 new branded hotel rooms are expected to enter Dubai’s market in 2012.
“Compared to 2011, which saw very muted hotel development, this number is expected to be much higher reflecting the continued growth in the city,” Yousef Wahbah, MENA head of Transaction Real Estate at Ernst & Young, told Gulf News, a Dubai based daily newspaper.
