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FINANCIAL NEWS
40,000 more hotel rooms in 2011 in MENA
16 Jul 2011
(MENAFN) STR Global Construction created a pipeline report that showed that around 40,000 extra hotel rooms would be delivered to tourists visiting the MENA region in 2011, reported Arabian Business.
According to STR Global the new hotel rooms come under the delivery of 429 new hotels.
This was slightly down on the previous month when the pipeline was made up of 432 hotels and 118,454 rooms.
The company added that in 2012, the region was likely to see a further 137 projects opening, comprising 35,401 rooms.
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