Over 400,000 hotel rooms under construction in Asia Pacific
Tuesday, 23 July 2013 00:38
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The Asia-Pacific hotel development pipeline comprises 1,840 hotels totalling 401,017 rooms, according to the June 2013 STR Global Construction Pipeline Report.
The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages. It does not include projects in the Pre-Planning stage.
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline, at 25.5% and 102,250 rooms. Four other segments each made up more than 10% of rooms – the Upper Upscale segment (22.8% with 91,284 rooms); the Luxury segment (17.6% with 70,629 rooms); the Unaffiliated segment (17.0% with 68,342 rooms); and the Upper Midscale segment (10.7% with 42,970 rooms).
The Upscale segment accounted for the most rooms under construction in the region at 26.1% and 63,450 rooms, followed by the Upper Upscale segment (25.1% with 60,896 rooms) and the Luxury segment (19.5% with 47,423 rooms).
