Asia Pacific Tops Global Hotel Pipeline For July: STR Global

hotelsmag.com · · 2012-08-20 10:39:56

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  Asia Pacific’s hotel development pipeline in July comprised 1,641 hotels totalling 375,917 rooms.

Asia Pacific Tops Global Hotel Pipeline For July: STR Global

  Asia Pacific dominated the global hotel development pipeline in July, according to new data from STR Global.

  Asia Pacific’s hotel development pipeline in July comprised 1,641 hotels totalling 375,917 rooms.

  Among the region"s countries, China reported the largest number of rooms under construction with 136,424 rooms. Other countries to report a significant number of rooms under construction included India at 27,908 rooms, Indonesia at 11,081 rooms, Thailand at 8,361 rooms and Vietnam at 7,102 rooms.

  Europe

  The Europe hotel development pipeline comprised 898 hotels totaling 145,692 rooms.

  Among the markets in the region, London ended the month with the largest number of rooms under construction with 3,939 rooms. Five other markets reported more than 900 rooms in the in construction phase were Moscow at 2,167 rooms, Berlin, at 1,912 rooms, Amsterdam at 1,469 rooms, Vienna at 947 rooms and Cologne, Germany at 931 rooms.

  Middle East/Africa

  The Middle East/Africa hotel development pipeline comprised 495 hotels totaling 125,481 rooms.

  Among the countries in the region, Oman reported the largest expected room growth of 81.2% if all 5,417 rooms in the country"s total active pipeline open. Other countries to report a significant expected room growth were Saudi Arabia at 53.9% with 27,624 rooms expected to open, Qatar at 47.1% with 6,785 rooms, Algeria at 43.6% with 1,875 rooms and United Arab Emirates at 38.6% with 35,052 rooms.

  Central/South America

  The Central/South America hotel development pipeline comprised 234 hotels totalling 32,749 rooms.

  Year-to-date 2012, 24 hotels with 3,952 rooms have opened in the region. For the remainder of the year, 28 properties are expected to open with 3,593 rooms. The upper midscale segment is expecting to open the most rooms with 903 rooms in six properties, followed by the upscale segment with 738 rooms in seven properties.

  In 2013, 83 hotels with 12,039 rooms are planned to open in the region. The midscale segment, at 30 hotels with 3,485 rooms and the upscale segment, at 19 hotels with 3,059 rooms are expected to open the most rooms among the chain scale segments.

  Caribbean/Mexico

  The Caribbean/Mexico hotel development pipeline comprised 132 hotels totaling 20,214 rooms.

  Among the chain scale segments, the upscale segment represented the largest number of rooms in the total active pipeline with 23.5%and 4,756 rooms. Three other segments each accounted for 15% or more of rooms in the total active pipeline: the unaffiliated segment at 23.3% with 4,715 rooms, the luxury segment at 20.7% with 4,180 rooms and the upper midscale segment at 19.6% with 3,954 rooms.

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