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STR Reports Global Hotel Construction Pipeline for March

STR Reports Global Hotel Construction Pipeline for March

Vacation News » Vacation & Leisure Real Estate Edition | By Michael Gerrity | April 20, 2010 8:00 AM ET



Asia / Pacific Hotel Pipeline

According to London based-STR Global's March Hotel Construction Pipeline Report released this week, the Asia/Pacific hotel development pipeline includes 976 hotels comprising 248,156 rooms.

Among the region's countries, China reported the largest number of rooms in the total active pipeline with 131,175. The country also reported the most rooms in the In Construction phase (93,300 rooms). Three other countries ended the month with more than 10,000 rooms in the total active pipeline: India (43,448 rooms), Thailand (15,449 rooms), and Vietnam (10,869 rooms).

Shanghai, China, ended the month with 14,378 rooms in the total active pipeline, reporting the most rooms in the total active pipeline among the key markets. Three other markets reported more than 5,000 rooms in the total active pipeline: Bangkok, Thailand (9,032); New Delhi, India (6,731 rooms); and Beijing, China (5,775 rooms).

Among the Chain Scale segments, three of the seven segments each accounted for 20 percent or more of the total active pipeline. The Upper Upscale segment made up the largest portion with 24.1 percent and 59,920 rooms. The Upscale segment accounted for 23.8 percent of the total active pipeline with 58,952 rooms, and the unaffiliated segment made up 20.9 percent with 51,761 rooms.

Asia/Pacific pipeline by Chain Scale segment for March 2010 (number of rooms):             





Caribbean / Mexico Hotel Pipeline

The Caribbean/Mexico hotel development pipeline comprises 132 hotels totaling 17,290 rooms.

Among the countries in the region, Mexico ended the month with the most rooms in the total active pipeline with 10,562 rooms. The country also reported the largest number of rooms in the In Construction phase (4,877 rooms). Two other countries reported more than 1,000 rooms in the total active pipeline: Dominican Republic (1,874 rooms) and Puerto Rico (1,409 rooms). The Dominican Republic ended the month with 1,437 rooms in the In Construction phase and Puerto Rico ended with 945 rooms.

Among the Chain Scale segment, the Midscale without Food and Beverage segment accounted for the largest portion of the total active pipeline (27.8 percent with 4,813 rooms). The Upscale segment (17.3 percent with 2,983 rooms) and the Upper Upscale segment (16.0 percent with 2,762 rooms) also accounted for significant portions of the total active pipeline. The Economy segment (4.0 percent with 696 rooms) and the Midscale with Food and Beverage segment (5.4 percent with 937 rooms) made up the smallest portions of the region's total active pipeline.

Caribbean/Mexico pipeline by Chain Scale segment for March 2010 (number of rooms):         





Central / South America Hotel Pipeline

The Central/South America hotel development pipeline includes 132 projects comprising 21,060 rooms.

Among the countries in the region, Brazil ended the month with the most rooms in the total active pipeline with 7,643 rooms, including 3,151 rooms in the In Construction phase. Panama followed with 4,682 rooms in the total active pipeline and 2,477 rooms in the In Construction phase. Four other countries reported more than 1,000 rooms in the total active pipeline: Argentina (1,866 rooms); Colombia (1,687 rooms); Venezuela (1,312 rooms); and Costa Rica (1,299 rooms).

Among the markets in the region, Panama City, Panama, ended the month with 4,177 rooms in the total active pipeline, accounting for nearly 90 percent of the country's total active pipeline. The market reported 2,477 rooms in the In Construction phase, which accounts for all of the country's rooms in the In Construction phase.  

Among the Chain Scale segments, three segments each accounted for 20 percent or more of the total active pipeline. The Upscale segment made up the largest portion with 25.5 percent (5,379 rooms). The Economy segment accounted for 22.5 percent of the total active pipeline with 4,740 rooms, followed by the Upper Upscale segment with 21.6 percent and 4,557 rooms. The Unaffiliated segment (5.6 percent with 1,170 rooms) and the Midscale without Food and Beverage segment (6.1 percent with 1,286 rooms) accounted for the smallest portions of the region's total active pipeline.

Central/South America pipeline by Chain Scale segment for March 2010 (number of rooms):     





European Hotel Pipeline

The European hotel development pipeline comprises 657 hotels totaling 112,816 rooms.

Among the countries in the region the United Kingdom reported the most rooms in the total active pipeline with 25,498. The country also ended the month with the largest number of rooms in the In Construction phase with 12,519. Germany reported a substantial amount of rooms in the total active pipeline with 17,912, followed by Russia with 15,614 rooms. Germany ended the month with 7,999 rooms in the In Construction phase and Russia had 7,210 rooms.

Among the key markets in the region, London, England, reported the most rooms in the total active pipeline (8,869 rooms), as well as in the In Construction phase (4,950 rooms). Berlin, Germany, followed with 4,716 rooms in the total active pipeline and 2,035 rooms in the In Construction phase. Moscow, Russia, reported 4,211 rooms in the total active pipeline and 1,949 rooms in the In Construction phase.

The Upscale segment accounted for the largest portion of the total active pipeline (22.9 percent with 25,887 rooms) of any Chain Scale segment. Three other segments each made up more than 15 percent of the total active pipeline: Midscale with Food and Beverage (17.0 percent with 19,178 rooms); Upper Upscale (15.9 percent with 17,993 rooms); and Unaffiliated (15.6 percent with 17,558 rooms). The Midscale without Food and Beverage segment (7.2 percent with 8,111 rooms) accounted for the smallest portion of the total active pipeline.

Europe pipeline by Chain Scale segment for March 2010 (number of rooms):                 





Middle East / Africa Hotel Pipeline

The Middle East/Africa hotel development pipeline includes 473 hotels comprising 127,952 rooms.

Among the countries in the region, the United Arab Emirates ended the month with the most rooms in the total active pipeline (53,477) and in the In Construction phase (26,868). Four other countries reported more than 5,000 rooms in the total active pipeline: Saudi Arabia (15,958 rooms); Egypt (6,397 rooms); and Qatar (6,123 rooms).

Among the key markets in the region, Dubai, UAE, reported the largest number of rooms in the total active pipeline and in the In Construction phase (31,142 and 14,637, respectively). Abu Dhabi, UAE, followed Dubai with 14,071 rooms in the total active pipeline and 7,354 rooms in the In Construction phase. The two markets accounted for more than 80 percent of UAE's rooms in the total active pipeline.

Among the Chain Scale segments, three of the seven segments each accounted for at least 20 percent rooms in the total active pipeline. The Upper Upscale segment made up the largest portion of the total active pipeline with 27.5 percent and 35,168, followed by the unaffiliated segment (24.3 percent with 31,107 rooms) and the Luxury segment (21.5 percent with 27,456 rooms).

Middle East/Africa pipeline by Chain Scale segment for March 2010 (number of rooms):                 






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