Growth markets dominate Asia’s hotel pipeline - STR Global
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The extent of planned hotel development in the region has been revealed by STR Global’s Construction Pipeline Report. In Asia Pacific, the pipeline includes 969 hotels with 227,567 rooms, and unsurprisingly this construction is being spurred by two countries - China and India.
“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.” Shanghai 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 (9,391 rooms), Bangkok (8,622) and Beijing (5,800). Three markets reported less than 500 rooms in the total active pipeline: Osaka, Tokyo, and Brisbane. STR added that about 60% of the region’s projects in the region are in the Luxury, Upper Upscale and Upscale segments.The Middle East/Africa hotel development pipeline includes 463 hotels with 124,409 rooms. Key cities for developers include Dubai (33,319 rooms), Abu Dhabi (16,994), and Jeddah (2,979).
Asia/Pacific pipeline 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
Middle East/Africa pipeline for June 2009 (number of rooms):
Chain Scale
Existing Supply
In Construction
Total Active Pipeline*
Luxury
45,137
21,117
31,194
Upper Upscale
71,997
14,222
21,178
Upscale
74,261
18,889
27,746
Midscale w/ F&B
59,805
5,235
7,494
Midscale w/o F&B
1,818
650
1,180
Economy
12,270
2,642
6,511
Unaffiliated
270,245
12,680
29,106
Total
535,533
75,435
124,409
* Both tables include projects in the In Construction, Final Planning and Planning phases.
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