Global Hotel Construction Pipeline September 2011

　　STR Global issued it"s 2011 Global Construction Pipeline Report update for August:

　　Central and South America

　　The Central/South America hotel development pipeline comprises 199 hotels totalling 29,243 rooms.

　　Among the countries in the region, Panama reported the largest number of rooms under construction with 4,188 rooms. Three other countries reported more than 1,000 rooms under construction: Brazil (3,928 rooms); Colombia (1,314 rooms); and Argentina (1,073 rooms).

　　Caribbean and Mexico

　　The Caribbean/Mexico hotel development pipeline comprises 130 hotels totalling 18,806 rooms.

　　Among the Chain Scale segments, the Unaffiliated segment accounted for the largest portion of rooms in the In Construction phase with 27.7 percent and 2,940 rooms, followed by the Luxury segment (21.9 percent with 2,328 rooms).

　　Three segments each accounted for more than 20 percent of rooms in the total active pipeline: the Upscale segment (25.5 percent with 4,802 rooms); the Upper Midscale segment (22.7 percent with 4,269 rooms); and the Luxury segment (20.5 percent with 3,854 rooms). The Economy segment made up the smallest portion of rooms in the total active pipeline with 0.6 percent and 122 rooms.

　　Caribbean/Mexico pipeline by Chain Scale segment for September 2011 (number of rooms):

　　Source: STR

　　Europe

　　The Europe hotel development pipeline comprises 824 hotels totalling 133,053 rooms.

　　“The main driver of new hotel supply in Manchester is largely from Independent hotel projects, followed by Economy hotels”, said Elizabeth Randall, managing director of STR Global. “In contrast, the Moscow hotel market pipeline is still mainly oriented towards Luxury and Upper Upscale branded chains, which account for more than 70 percent of the rooms expected”.

　　Among the key markets in the region, Manchester, United Kingdom, ended the month with the largest expected room growth (+23.9 percent) if all 3,022 rooms in the total active pipeline open. Other markets that reported significant expected room growth: Birmingham, U.K. (+15.1 percent with 1,548 rooms); Edinburgh (+14.6 percent with 1,524 rooms); Moscow, Russia (+13.9 percent with 4,993 rooms); and Glasgow, U.K. (+11.0 percent with 810 rooms).

　　Asia Pacific

　　The Asia/Pacific hotel development pipeline comprises 1,309 hotels totalling 314,433 rooms.

　　“The India hotel pipeline is mainly oriented towards Upper Upscale and Upscale projects, accounting for more than half of the rooms in the In Construction or Final Planning phase”, said Elizabeth Randall, managing director of STR Global. “In contrast, the China pipeline growth is mainly geared towards Luxury segment, whilst only 35 percent of the new supply is from Midscale and Upper Midscale projects”.

　　Among the region’s countries, India ended the month with the largest expected growth (+34.0 percent) if all 56,302 rooms in the total active pipeline open. Other countries to report a significant growth in existing supply: Philippines (+26.8 percent with 9,255 rooms); Vietnam (+26.6 percent with 10,373 rooms); Indonesia (+16.7 percent with 17,222 rooms); and China (+13.4 percent with 172,455 rooms).