LONDON—The Asia/Pacific hotel development pipeline comprises 1,064 hotels totalling 262,662 rooms, according to the December 2010 STR Global Construction Pipeline Report released this week.
“Similar to Europe, Upscale hotels make up the biggest amount of rooms in the Asia/Pacific pipeline”, said Elizabeth Randall, managing director of STR Global. “Upscale projects are followed by projects in the Upper Upscale and then Luxury segments, underlining the strong focus across the region to bring the higher-end hotel brands into the main markets before diversifying into a broader offering in more secondary locations”.
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline with 25.0 percent and 65,662 rooms, followed by the Upper Upscale segment (23.3 percent with 61,186 rooms) and the Luxury segment (18.5 percent with 48,548 rooms). The Midscale without Food and Beverage segment (2.7 percent with 7,176 rooms) and the Economy segment (3.2 percent with 8,515 rooms) made up the smallest portion of rooms in the total active pipeline.
Asia/Pacific pipeline by Chain Scale segment for December 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
117,387
|
32,623
|
48,548
|
|
Upper Upscale
|
202,130
|
42,456
|
61,186
|
|
Upscale
|
274,183
|
42,036
|
65,662
|
|
Midscale w/ F&B
|
197,106
|
10,251
|
23,519
|
|
Midscale w/o F&B
|
36,244
|
2,365
|
7,176
|
|
Economy
|
98,906
|
3,803
|
8,515
|
|
Unaffiliated
|
1,600,920
|
30,273
|
48,056
|
|
Total
|
2,526,876
|
163,807
|
262,662
|
* Includes those projects in the In Construction, Final Planning and Planning phases.
About STR Global
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.strglobal.com.
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