LONDON—The Asia/Pacific hotel development pipeline comprises 1,084 hotels totalling 265,251 rooms, according to the October 2010 STR Global Construction Pipeline Report released this week.
“With a strong recovery in revenue per available room across Asia/Pacific, the region’s pipeline has picked up and now holds 1,084 hotels projects”, said Elizabeth Randall, managing director of STR Global. “We expect that in light of the current market and economic conditions, this trend will continue and the region will see further pipeline growth during coming months”.
Among the markets in the region, New Delhi, India, ended the month with 7,558 rooms in the total active pipeline, reporting the largest expected growth if all active rooms open. New Delhi’s existing room supply is 19,034 rooms. Four other markets reported large expected growth: Mumbai, India (5,391 rooms in the total active pipeline and 23 percent expected growth); Manila, Philippines (4,962 rooms with 22 percent expected growth); Bangkok, Thailand (8,526 rooms with 13 percent expected growth); and Kuala Lumpur, Malaysia (4,110 rooms with 12 percent expected growth).
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