Global Hotel Development Pipeline July 2012

Caribbean/Mexico

The Caribbean/Mexico hotel development pipeline comprises 132 hotels totaling 20,214 rooms, according to the July 2012 STR Construction Pipeline Report.

Among the Chain Scale segments, the Upscale segment represented the largest number of rooms in the total active pipeline with 23.5 percent and 4,756 rooms. Three other segments each accounted for 15 percent or more of rooms in the total active pipeline: the Unaffiliated segment (23.3 percent with 4,715 rooms); the Luxury segment (20.7 percent with 4,180 rooms); and the Upper Midscale segment (19.6 percent with 3,954 rooms).

Central/South America

The Central/South America hotel development pipeline comprises 234 hotels totalling 32,749 rooms.

Year-to-date 2012, 24 hotels with 3,952 rooms have opened in the region. For the remainder of the year, 28 properties are expected to open with 3,593 rooms. The Upper Midscale segment is expecting to open the most rooms with 903 rooms in six properties, followed by the Upscale segment with 738 rooms in seven properties.

In 2013, 83 hotels with 12,039 rooms are planned to open in the region. The Midscale segment (30 hotels with 3,485 rooms) and the Upscale segment (19 hotels with 3,059 rooms) are expected to open the most rooms among the Chain Scale segments.

Asia/Pacific

The Asia/Pacific hotel development pipeline comprises 1,641 hotels totalling 375,917 rooms.

Among the region’s countries, China reported the largest number of rooms under construction with 136,424 rooms. Other countries to report a significant number of rooms under construction include: India (27,908 rooms); Indonesia (11,081 rooms); Thailand (8,361 rooms); and Vietnam (7,102 rooms).

Europe

The Europe hotel development pipeline comprises 898 hotels totalling 145,692 rooms.

Among the markets in the region, London, United Kingdom, ended the month with the largest number of rooms under construction with 3,939 rooms. Five other markets reported more than 900 rooms in the In Construction phase: Moscow, Russia (2,167 rooms); Berlin, Germany (1,912 rooms); Amsterdam, Netherlands (1,469 rooms); Vienna, Austria (947 rooms); and Cologne, Germany (931 rooms).

Middle East/Africa

The Middle East/Africa hotel development pipeline comprises 495 hotels totalling 125,481 rooms.

Among the countries in the region, Oman reported the largest expected room growth (+81.2 percent) if all 5,417 rooms in the country’s total active pipeline open. Other countries to report a significant expected room growth: Saudi Arabia (+53.9 percent with 27,624 rooms expected to open); Qatar (+47.1 percent with 6,785 rooms); Algeria (+43.6 percent with 1,875 rooms); and United Arab Emirates (+38.6 percent with 35,052 rooms).


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