STR Reports Global Hotel Pipeline Statistics for February 2013

According to the February 2013 STR Global Construction Pipeline Report, the Asia Pacific hotel development pipeline comprises 1,780 hotels totalling 380,902 rooms.

The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Pre-Planning stage.

Among the markets in the region, Shanghai, China, reported the largest number of rooms under construction, ending the month with 8,315 rooms in construction. Four other markets also reported a significant number of rooms under construction: Bali, Indonesia (5,089 rooms); Manila, Philippines (4,022 rooms); Jakarta, Indonesia (3,665 rooms); and Beijing, China (3,426 rooms).

Caribbean/Mexico

The Caribbean/Mexico hotel development pipeline comprises 124 hotels totaling 20,444 rooms.

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Among the region's countries, Mexico reported the largest number of rooms in the total active pipeline with 10,131 rooms. Four other countries ended the month with more than 700 rooms in the total active pipeline: the Bahamas (2,526 rooms); the Dominican Republic (2,475 rooms); Jamaica (1,278 rooms); and Turks and Caicos (747 rooms).

Central / South America

The Central/South America hotel development pipeline comprises 236 hotels totalling 36,548 rooms.

Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline (22.9%) with 8,387 rooms. Three other segments each accounted for more than 10% of rooms in the region's total active pipeline: the Upper Midscale segment (20.9% with 7,642 rooms); the Midscale segment (20.3% with 7,423 rooms); and the Upper Upscale segment (13.8% with 5,031 rooms).

Europe

The Europe hotel development pipeline comprises 850 hotels totalling 140,459 rooms.

Among the countries in the region, Kazakhstan reported the largest expected supply growth (+38.2%) if all 2,072 rooms in its total active pipeline open. Six other countries expected room growth of more than five%: Russia (+24.7% with 20,866 rooms in the total active pipeline); Azerbaijan (+24.1% with 912 rooms); the United Kingdom (+8.2% with 42,077 rooms); Poland (+8.1% with 4,255 rooms); Romania (+6.8% with 1,850 rooms); and the Netherlands (+5.2% with 5,283 rooms).

Middle East/Africa

The Middle East/Africa hotel development pipeline comprises 491 hotels totalling 120,524 rooms.

Among the markets in the region, Riyadh, Saudi Arabia, reported the largest expected supply growth (+103.2%) if all 7,990 rooms in the country's total active pipeline open. Four other countries reported expected room growth of more than 20%: Jeddah, Saudi Arabia (+63.6% with 3,798); Muscat, Oman (+42.0% with 1,992 rooms); Abu Dhabi, United Arab Emirates (+38.0% to 7,189 rooms); and Dubai, United Arab Emirates (+26.3% with 16,588 rooms).

Source: Asia Travel Tips

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