Healthy hotels pipeline for Asia Pacific in November

Monday, 27 December 2010 00:06 - - {{hitsCtrl.values.hits}}

According to the November 2010 STR Global Construction Pipeline Report, the Asia Pacific hotel development pipeline comprises 1,089 hotels totalling 268,821 rooms.

Year-to-date 2010, 296 projects opened in the region with 57,495 rooms. There are 80 projects with 13,259 rooms in the region that are still expected to open in 2010. Looking ahead to 2011, there are 444 projects comprising 101,807 expected to open, and in 2012, there are 350 projects with 99,781 rooms expected to open.

In 2011, the Upper Upscale segment is expected to add the most rooms with 26,306 rooms. The Upscale segment is projected to open the most rooms (24,906) in 2012 among the Chain Scale segments. "At year end, supply growth for Asia Pacific will only be surpassed by supply growth in the Middle East / Africa," said Elizabeth Randall, managing director at STR Global. "These two regions were the main focus of hotel development this year, as they were at the end of 2009. There is still great potential for branded supply in these emerging destinations, and with the strong economies in these markets, we expect 2011 to continue to be dominated by development in Asia Pacific and the Middle East / Africa."