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STR Releases Global Hotel Construction Pipeline Report for July 2010

STR Releases Global Hotel Construction Pipeline Report for July 2010

Vacation News » Vacation & Leisure Real Estate Edition | By Michael Gerrity | August 20, 2010 8:30 AM ET



Asia & Pacific Hotel Markets

According to the July 2010 STR Global Construction Pipeline Report released this week, the Asia/Pacific hotel development pipeline comprises 1,029 hotels totaling 256,060 rooms.

China reported the largest number of rooms in the total active pipeline (139,193 rooms) and in the construction phase (98,515 rooms). India followed with 46,562 rooms in the total active pipeline and 29,819 rooms in the In Construction phase.

Among the key markets in the region, Shanghai, China, ended the month with the largest number of rooms in the total active pipeline (13,980), with more than 80 percent of its rooms in the In Construction phase (11,411). Bangkok, Thailand, reported 9,642 rooms in the total active pipeline and 5,411 rooms in the In Construction phase, followed by New Delhi, India, with 7,399 rooms in the total active pipeline and 5,040 rooms in the In Construction phase.

Two of the seven Chain Scale segments, combined, accounted for nearly 50 percent of rooms in the total active pipeline: the Upper Upscale segment (25.2 percent with 64,472 rooms) and the Upscale segment (24.4 percent with 62,575). The Midscale without Food and Beverage segment made up the smallest portion of rooms in the total active pipeline with 2.4 percent and 6,119 rooms.

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





Caribbean & Mexico Markets

The Caribbean/Mexico hotel development pipeline comprises 137 hotels totaling 17,208 rooms, according to the July 2010 STR/TWR/Dodge Construction Pipeline Report released this week.

Among the countries of the region, Mexico reported the largest number of rooms in the total active pipeline with 10,819 rooms, with nearly 50 percent of its rooms in the In Construction phase (5,121 rooms). The Dominican Republic (1,929 rooms) and Puerto Rico (1,210 rooms) also reported more than 1,000 rooms in the total active pipeline.

Among the Chain Scale segments, the Midscale without Food and Beverage segment accounted for the largest portion of rooms in the total active pipeline with 29.8 percent and 5,134 rooms, followed by the upscale segment with 20.6 percent and 3,545 rooms. The Economy segment made up the smallest portion of the total active pipeline with 4.0 percent and 696 rooms.

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



Central & South America Markets

The Central/South America hotel development pipeline comprises 133 hotels totaling 20,770 rooms.

Among the countries in the region, Brazil reported the largest amount of rooms in the total active pipeline with 7,042 rooms, followed by Panama with 5,400 rooms. Two other countries ended the month with more than 1,500 rooms in the total active pipeline: Argentina (1,700 rooms) and Colombia (1,509 rooms).

Among the Chain Scale segments, three segments each accounted for more than 20 percent of the total active pipeline. The Upscale segment made up 24.6 percent of the total active pipeline with 5,116 rooms, followed by the Upper Upscale segment (23.4 percent with 4,864 rooms) and the Economy segment (22.9 percent with 4,748 rooms).

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




European Markets

The Europe hotel development pipeline comprises 678 hotels totaling 118,126 rooms, according to the June 2010 STR Global Construction Pipeline Report released this week. The region reported 314 projects in the In Construction phase with 58,577 rooms.

Among the countries of the region, the United Kingdom ended the month with the largest number of rooms in the total active pipeline with 26,653 rooms, followed by Germany (16,825 rooms) and Russia (16,067 rooms). The U.K. also reported the largest number of rooms in the In Construction phase with 11,381 rooms.

London, U.K., led the key markets in the region with 8, 072 rooms in the total active pipeline. Three other markets reported more than 3,000 rooms in the total active pipeline: Berlin, Germany (4,095 rooms); Moscow, Russia (3,999 rooms); and Vienna, Austria (3,256 rooms).

Among the Chain Scale segments, three segments each accounted for 15 percent or more of rooms in the total active pipeline: Upscale segment (24.0 percent with 28,331 rooms); Midscale with Food and Beverage segment (16.8 percent with 19,806 rooms); and the Upper Upscale segment (16.1 percent with 18,993 rooms).

Europe pipeline by Chain Scale segment for July2010 (number of rooms):





Middle East & Africa Markets

The Middle East/Africa hotel development pipeline comprises 455 hotels totaling 126,273 rooms.

The United Arab Emirates reported the largest number of rooms in the total active pipeline (55,165 rooms), among the countries in the region, with more than half in the In Construction phase (299,751 rooms). Saudi Arabia followed with 17,283 rooms in the total active pipeline and 8,714 rooms in the In Construction phase.

Among the key markets in the region, Dubai, UAE, ended the month with the largest number of rooms in the total active pipeline (32,686 rooms) and in the In Construction phase (17,162 rooms), followed by Abu Dhabi, UAE, with 14,641 rooms in the total active pipeline and 8,544 rooms in the In Construction phase.

Among the Chain Scale segments, three segments each accounted for more than 20 percent of rooms in the total active pipeline. The Upper Upscale segment made up the largest portion of rooms with 27.2 percent and 34,364 rooms, followed by the Unaffiliated segment (25.5 percent and 32,167 rooms) and the Luxury segment (21.5 percent and 27,187 rooms).

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




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