STR Global Reports Asia/Pacific Hotel Pipeline for January 2010
The Asia/Pacific hotel development pipeline includes 948 hotels comprising 239,918 rooms, according to the January 2010 STR Global Construction Pipeline Report released this week.
Among the key markets in the region, Shanghai, China, ended the month with the most rooms in the total active pipeline with 13,762 rooms. Three other markets each reported more than 5,000 rooms in the total active pipeline: Bangkok, Thailand (7,929 rooms); New Delhi, India (6,768 rooms); and Beijing, China (6,294 rooms).
Among the Chain Scale segments, four of the seven segments made up more than 80 percent of the total active pipeline. The Upscale segment accounted for 23.3 percent of the total active pipeline with 55,806 rooms, followed by the Unaffiliated segment (22.1 percent and 52,972 rooms), the Upper Upscale segment (21.7 percent and 52,033 rooms), and the Luxury segment (17.5 percent and 42,027 rooms). The Midscale without Food and Beverage segment made up the smallest portion of the total active pipeline with 2.3 percent and 5,503 rooms.
Asia/Pacific pipeline by Chain-Scale segment for January 2010 (number of rooms):
* Includes those projects in the In Construction, Final Planning and Planning phases
About STR & STR Global
For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com.
