LONDON—The Asia/Pacific hotel development pipeline comprises 1,007 hotels totalling 252,969 rooms, according to the June 2010 STR Global Construction Pipeline Report released this week.
China ended the month with 138,492 rooms in the total active pipeline, accounting for more than 50 percent of rooms in the total active pipeline among the countries of the region. India reported 46,360 rooms in the total active pipeline, followed by Thailand with 15,423 rooms.
Among the key markets, Shanghai, China, reported the largest number of rooms in the total active pipeline with 14,311. The market also ended the month with the most rooms in the In Construction phase with 11,592. Bangkok, Thailand, followed with 9,686 rooms in the total active pipeline and 5,599 rooms in the In Construction phase.
Four of the seven Chain Scale segments each accounted for more than 15 percent of rooms in the total active pipeline: the Upper Upscale segment (25.6 percent with 64,748 rooms); the Upscale segment (23.6 percent with 59,714 rooms); the Luxury segment (18.8 percent with 47,621 rooms); and the Unaffiliated segment (17.7 percent with 44,782 rooms). The Midscale without Food and Beverage segment made up the smallest portion of rooms in the total active pipeline with 2.4 percent and 6,009 rooms.
Asia/Pacific pipeline by Chain Scale segment for June 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
136,375
|
35,146
|
47,621
|
|
Upper Upscale
|
190,403
|
46,373
|
64,748
|
|
Upscale
|
242,283
|
39,223
|
59,714
|
|
Midscale w/ F&B
|
173,505
|
13,854
|
21,322
|
|
Midscale w/o F&B
|
27,194
|
2,660
|
6,009
|
|
Economy
|
93,658
|
4,670
|
8,773
|
|
Unaffiliated
|
1,430,972
|
30,155
|
44,782
|
|
Total
|
2,294,390
|
172,081
|
252,969
|
* 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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