1,096 hotels with 274,648 rooms in Asia Pacific

Tuesday, 22 March 2011 00:01 -     - {{hitsCtrl.values.hits}}

According to the February 2011 STR Global Construction Pipeline Report, the Asia Pacific hotel development pipeline comprises 1,096 hotels totalling 274,648 rooms.

Among the key markets in the region, Shanghai, China, reported the largest number of rooms in the In Construction phase with 9,050 rooms. Other markets to report a significant number of rooms in the In Construction phase include: New Delhi, India (5,804 rooms); Bangkok, Thailand (4,510 rooms); Beijing, China (3,682 rooms); and Kuala Lumpur, Malaysia (2,998 rooms).

The Middle East / Africa hotel development pipeline comprises 432 hotels totalling 118,454 rooms.

Among the markets in the region, Abu Dhabi, UAE, will report the largest increase in supply (89.4%) if every one of the 13,405 additional rooms in its total active pipeline open. Other markets to expect significant increases in existing supply include: Riyadh, Saudi Arabia (77.2% with 4,831 rooms in its total active pipeline); Jeddah, Saudi Arabia (50.5% with 3,033 rooms); Muscat, Oman (49.5% with 1,931 rooms); and Dubai, UAE (49.2% with 28,474 rooms).

“The main activity of hotel development in the region takes places across the United Arab Emirates, Saudi Arabia and Oman,” said Elizabeth Randall, Managing Director of STR Global.

“Selected markets will see more than half of their current supply entering the markets over the coming years. Whilst the long-term prospects for the region are good, the new supply will create more challenging market conditions for the short-term. We see a more diverse offering coming into the markets, which were so far dominated by the upscale to luxury properties.”