STR Global Reports Asia/Pacific Hotel Pipeline for May 2010
The Asia/Pacific hotel development pipeline comprises 1,004 hotels totalling 253,815 rooms, according to the May 2010 STR Global Construction Pipeline Report released this week.
Among the countries in the region, China reported the largest number of rooms in the total active pipeline (136,514 rooms) and the largest number of rooms in the In Construction phase (96,691 rooms). India followed with 46,613 rooms in the total active pipeline and 30,147 rooms in the In Construction phase.
Among the key markets, Shanghai, China, ended the month with the largest number of rooms in the total active pipeline (13,919 rooms), followed by Bangkok, Thailand (9,498 rooms), and New Delhi, India (7,436 rooms). Shanghai (11,350 rooms), Bangkok (5,599 rooms) and New Delhi (5,477 rooms) also reported the most rooms in the In Construction phase.
Four of the seven Chain Scale segments each accounted for more than 15 percent of rooms in the total active pipeline. The Upper Upscale segment made up 25.1 percent of the total active pipeline with 63,777 rooms, followed by the Upscale segment (23.8 percent with 60,324 rooms), the Luxury segment (18.4 percent with 46,582 rooms) and the Unaffiliated segment (18.4 percent with 46,656 rooms).
|
Chain Scale |
Existing Supply |
In Construction |
Total Active Pipeline* |
|
Luxury |
135,714 |
34,953 |
46,582 |
|
Upper Upscale |
195,939 |
45,025 |
63,777 |
|
Upscale |
241,015 |
40,317 |
60,324 |
|
Midscale w/ F&B |
173,299 |
14,326 |
21,794 |
|
Midscale w/o F&B |
27,230 |
2,660 |
5,909 |
|
Economy |
87,792 |
4,670 |
8,773 |
|
Unaffiliated |
1,351,505 |
32,029 |
46,656 |
|
Total |
2,212,494 |
173,980 |
253,815 |
* 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.
