LONDON—The Asia/Pacific hotel development pipeline includes 969 hotels with 227,567 rooms, according to the June 2009 STR Global Construction Pipeline Report released last week.
“There is a lot of development in Asia, but there are a couple of countries that are dominating,” said Duane Vinson, vice president of content management at STR. “One is China, where 108,346 rooms are in the active pipeline, 77,832 of which are under construction. The second is India, which has 45,323 rooms in the total active pipeline.”
Among the key markets, Shanghai, China, reported the most rooms in total active pipeline with 13,706. Three other markets reported more than 5,000 rooms in the total active pipeline for the month: Mumbai, India, ended the month with 9,391 rooms; Bangkok, Thailand, ended with 8,622 rooms; and Beijing, China ended with 5,800. Three markets reported less than 500 rooms in the total active pipeline: Osaka, Japan (274 rooms);Tokyo, Japan (160 rooms); and Brisbane, Australia (156 rooms).
“In the Asia/Pacific region, focus primarily has been in higher-end development,” Vinson said. “About 60 percent of the projects in the region are in the Luxury, Upper Upscale and Upscale segments.”
Within the Chain-Scale segments, the Upscale segment made up the largest portion of the total pipeline, with 23.3 percent of the total rooms (53,132 rooms). The Upper-Upscale segment also accounted for a large portion of the total pipeline for the region, with 22.5 percent of the rooms (51,099 rooms). The Economy and the Midscale-without-Food-and-Beverage segments accounted for the smallest part of the total pipeline. The Economy segment made up 5.2 percent of the total pipeline with 11,843 rooms, and the Midscale-without-F&B segment made up 2.7 percent of the total pipeline with 6,119 rooms.
Asia/Pacific pipeline by Chain-Scale segment for June 2009 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
139,319
|
28,723
|
41,824
|
|
Upper Upscale
|
172,387
|
41,970
|
51,099
|
|
Upscale
|
204,152
|
31,181
|
53,132
|
|
Midscale w/ F&B
|
161,022
|
15,112
|
22,720
|
|
Midscale w/o F&B
|
24,647
|
2,277
|
6,119
|
|
Economy
|
82,228
|
5,822
|
11,843
|
|
Unaffiliated
|
953,977
|
28,202
|
40,830
|
|
Total
|
1,737,732
|
153,287
|
227,567
|
*Includes those projects in the In Construction, Final Planning and Planning phases.
About STR & STR Global:
For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit www.strglobal.com or www.HotelNewsNow.com.
Media contacts:
Duane Vinson
Vice President – Content Management
STR
duane@smithtravelresearch.com
+1 615 824 8664 ext.3329
Jeff Higley
Director of Communications/Editorial Director, Digital Media
jeff@smithtravelresearch.com
+1 (615) 824-8664 ext. 3318
Rachael Spann
Communications Coordinator
spann@smithtravelresearch.com
+1 (615) 824-8664 ext. 3305
