(MENAFN) According to the latest report by STR Global, a hotel research firm, the hotel development pipeline in the Middle East and North Africa includes 573 hotels with 137,193 rooms as of March 2014, Gulf News reported.
STR Global predicts opening 130 new hotels with 32,142 rooms by 2015, the majority of which is likely to be to be in the upper upscale segment adding 12,507 rooms, followed by the upper upscale segment and the luxury segment adding 6,559 and 5,980 rooms, respectively.
According to STR Global's construction pipeline report for February, there were 16,627 rooms under construction in the UAE.
Hotels that opened in Dubai in 2013 include The Oberoi, Conrad Dubai and Sofitel Dubai The Palm. By the end of 2014, Warwick Hotel Dubai and Sofitel Downtown Dubai, among other properties are predicted to open.
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