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STR Reports Global Hotel Pipeline for December 2009

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According to the December 2009 STR Global Construction Pipeline Report released this week, the Asia Pacific hotel development pipeline includes 956 hotels comprising 232,460 rooms.

 Among the key markets, Shanghai, China, ended the month with the most rooms in the total active pipeline with 13,723 rooms. Bangkok, Thailand, followed with 8,849 rooms. Two other markets ended the month with more than 5,000 rooms in the total active pipeline: New Delhi, India (6,604 rooms), and Beijing, China (6,089 rooms).

Among the Chain Scale segments, three of the seven segments each accounted for 20% of the total active pipeline. The Upscale segment made up 23.4% of rooms in the pipeline with 54,295 rooms. The Upper Upscale segment accounted for 22.5% with 52,305 rooms, while the Unaffiliated segment made up 20.5% of rooms with 47,635 rooms.\

Caribbean / Mexico

The Caribbean / Mexico hotel development pipeline includes 127 hotels comprising 17,528 rooms. Among the countries in the region, Mexico reported the most rooms in the total active pipeline with 10,324. The country also ended the month with the most rooms in the In Construction phase with 4,200. The Bahamas reported 1,698 rooms in the total active pipeline and 895 rooms in the In Construction phase, followed by Puerto Rico with 1,130 rooms in the total active pipeline and 666 rooms in the In Construction phase.

Among the Chain Scale segments, the Midscale without Food and Beverage segment accounted for the largest portion of the total active pipeline with 4,165 rooms and 23.8% of rooms in the total active pipeline. The Upper Upscale segment (3,221 rooms and 18.4%) and the Luxury segment (3.188 rooms and 18.2%) also made up large portions of the pipeline.

Central and South America

The Central / South America hotel development pipeline includes 128 projects with 19,887 rooms. Among the countries in the region, Brazil ended the month with the most rooms in the total active pipeline with 8,372 rooms. Panama followed with 4,175 rooms. Three other countries ended December with more than 1,000 rooms in the pipeline: Argentina (1,808 rooms), Costa Rica (1,164 rooms), and Colombia (1,161 rooms).

Among the Chain Scale segments, three each accounted for more than 20% of rooms. The Economy segment made up the largest portion of the total active pipeline with 26% and 5,173 rooms. The Upscale segment ended the month with 4,570 rooms and 23% of the total active pipeline, followed by the Upper Upscale segment with 4,058 rooms and 20.4%.

Europe

According to the STR report, the Europe hotel development pipeline includes 587 hotels comprising 100,013 rooms. Among the key markets, London, England, reported the most rooms in the total active pipeline with 5,794 rooms. The market also ended the month with the most rooms in the In Construction phase with 3,360 rooms. Moscow, Russia, followed with 4,837 rooms in the total active pipeline and 2,095 rooms in the In Construction phase. Berlin, Germany, reported 4,204 rooms in the total active pipeline and 1,514 rooms in the In Construction phase.

Among the Chain Scale segments, the Upscale segment accounted for the largest portion of the total active pipeline (22.1%) with 22,118 rooms. The Economy segment followed, making up 19.4% of the total active pipeline with 19,446 rooms.

Middle East / Africa

The Middle East / Africa hotel development pipeline includes 442 hotels comprising 120,440 rooms. Among the key markets in the region, Dubai, United Arab Emirates, reported the largest amount of rooms in the total active pipeline with 29,727 rooms. The market also ended the month with the largest amount of rooms in the In Construction phase with 15,291 rooms. Abu Dhabi, UAE, followed with 13,701 rooms in the total active pipeline and 6,939 rooms in the In Construction phase.

Among the Chain Scale segments, three segments accounted for nearly 70% of the total active pipeline. The Unaffiliated segment accounted for 25.3% of the total active pipeline with 30,495 rooms. The Luxury segment followed with 28,308 rooms in the total active pipeline and 23.5%. The Upper Upscale segment ended the month with 25,133 rooms in the total active pipeline, accounting for 20.9%. 

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