LONDON—The Asia/Pacific hotel development pipeline comprises 1,029 hotels totalling 256,060 rooms, according to the July 2010 STR Global Construction Pipeline Report released this week.
China reported the largest number of rooms in the total active pipeline (139,193 rooms) and in the In Construction phase (98,515 rooms). India followed with 46,562 rooms in the total active pipeline and 29,819 rooms in the In Construction phase.
Among the key markets in the region, Shanghai, China, ended the month with the largest number of rooms in the total active pipeline (13,980), with more than 80 percent of its rooms in the In Construction phase (11,411). Bangkok, Thailand, reported 9,642 rooms in the total active pipeline and 5,411 rooms in the In Construction phase, followed by New Delhi, India, with 7,399 rooms in the total active pipeline and 5,040 rooms in the In Construction phase.
Two of the seven Chain Scale segments, combined, accounted for nearly 50 percent of rooms in the total active pipeline: the Upper Upscale segment (25.2 percent with 64,472 rooms) and the Upscale segment (24.4 percent with 62,575). The Midscale without Food and Beverage segment made up the smallest portion of rooms in the total active pipeline with 2.4 percent and 6,119 rooms.
Asia/Pacific pipeline by Chain Scale segment for July 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
136,872
|
34,518
|
46,192
|
|
Upper Upscale
|
192,450
|
45,148
|
64,472
|
|
Upscale
|
244,350
|
41,964
|
62,575
|
|
Midscale w/ F&B
|
174,749
|
13,900
|
21,542
|
|
Midscale w/o F&B
|
27,127
|
2,770
|
6,119
|
|
Economy
|
100,249
|
4,670
|
8,893
|
|
Unaffiliated
|
1,480,525
|
30,958
|
46,267
|
|
Total
|
2,356,322
|
173,928
|
256,060
|
* 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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