The Under Contract total in the Middle East subcontinent represents a 32.7% increase in rooms Under Contract compared with May 2015 and an 18.7% year-over-year increase in rooms In Construction. The Middle East reported 81,363 rooms in 252 hotels under construction for the month.
Hotels in the Middle East reported negative results, while hotels in Africa reported mixed results in the three key performance metrics when reported in U.S. dollar constant currency, according to April 2016 data from STR.
Waldorf Astoria Hotels & Resorts today announced the signing of a management agreement with Ward Holdings to open a property in the Middle Easts leading gateway for capital and investment, Dubai International Financial Centre (DIFC).
Set in the heart of the Holy City and overlooking the Sacred Mosque, Al Masjid al Haram, and the Holy Kaabah, Conrad Hotels & Resorts today celebrates the opening of its first hotel in the Kingdom of Saudi Arabia - the 438-room Conrad Makkah.
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