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).
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.
Media contacts:
Jeff Higley
VP, Digital Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318
Rachael Spann Urie
Communications Coordinator
rurie@str.com
+1 (615) 824-8664 ext. 3305
Konstanze Auernheimer
Director of Marketing & Analysis
STR Global
KAuernheimer@strglobal.com
+44 (0)207 922 1961
