Robust hotel construction pipelines in Asia Pacific

Friday, 30 December 2011 00:01 - - {{hitsCtrl.values.hits}}

According to the November 2011 STR Global Construction Pipeline Report, the Asia Pacific hotel development pipeline comprises 1,443 hotels totalling 348,653 rooms.

Year-to-date 2011, 361 properties have opened in the region with 64,269 rooms. In the remainder of 2011, 38 projects are expected to open with 8,993 rooms. In 2012, 559 projects are expected to open in the region with 139,432 rooms and in 2013, there are 395 projects planned to open with 97,312 rooms.

In the remaining two months of 2011, the Luxury segment is expected to open the most rooms with nine properties totalling 3,022 rooms, followed by the Upscale segment (eight properties with 2,287 rooms); the Upper Upscale segment (eight properties with 1,921 rooms); and the Upper Midscale segment (six properties with 1,226 rooms).