The Asia/Pacific hotel development pipeline comprises 1,065 hotels totalling 259,898 rooms, according to the September 2010 STR Global Construction Pipeline Report released this week.
“The Asia/Pacific pipeline is dominated by development activity across China and India, which makes up more than two-thirds of the total pipeline”, said Elizabeth Randall, managing director of STR Global. “As two of the BRIC countries, China and India present a huge potential for hotel companies to cater to growing middle classes in these countries and to create awareness and recognition of the hotel brands as they travel internationally. Similar to Russia, we see hotel developments moving into more regional destinations and for more midscale and economy brands to enter these markets”.
China ended the month with the largest number of rooms in the total active pipeline (139,711), among the countries in the region. India (47,315 rooms) and Thailand (15,954 rooms) also reported a large amount of rooms in the total active pipeline.
Among the markets in the region, three reported more than 5,000 rooms in the total active pipeline: Shanghai, China (13,629 rooms); Bangkok, Thailand (9,269 rooms); and New Delhi, India (6,984 rooms).
Four of the seven Chain Scale segments each accounted for more than 15 percent of the total active pipeline: the Upscale segment (25.4 percent with 66,052 rooms); the Upper Upscale segment (24.1 percent with 62,514 rooms); the Unaffiliated segment (18.1 percent with 47,119 rooms); and the Luxury segment (16.8 percent with 43,787 rooms).
Comments are closed.