STR Reports Global Hotel Pipelines for June 2012

According to the June 2012 STR Global Construction Pipeline Report, the Asia Pacific hotel development pipeline comprises 1,625 hotels totalling 374,604 rooms.

Among the Chain Scale segments, the Upscale segment reported the largest number of rooms in the total active pipeline with 25.7% and 96,274 rooms.

Three other segments each accounted for 15% of rooms in the total active pipeline or more: the Upper Upscale segment (23.8% with 89,325 rooms); the Luxury segment (18.6% with 69,812 rooms); and the Unaffiliated segment (15.0% with 56,184 rooms).

Three segments each made up more than 20% of rooms under construction: the Upper Upscale segment (28.8% with 63,180 rooms); the Upscale segment (24.7% with 54,307 rooms); and the Luxury segment (20.6% with 45,234 rooms).

Caribbean/Mexico

The Caribbean/Mexico hotel development pipeline comprises 135 hotels totaling 19,749 rooms.

Among the region's countries, Mexico reported the largest number of rooms under construction with 32 properties and 4,304 rooms.

Other countries to report a significant number of rooms in the In Construction phase: the Dominican Republic (11 properties with 1,735 rooms); the Bahamas (two properties with 510 rooms); Aruba (one property with 320 rooms); and Puerto Rico (two properties with 265 rooms).

Central/South America

The Central/South America hotel development pipeline comprises 227 hotels totalling 32,242 rooms.

Among the region's countries, Panama reported the largest expected room growth (+38.9%) if all 5,592 rooms in its total active pipeline open.

Other markets to report a significant expected room growth: Paraguay (+38.2% with 796 rooms); Colombia (+19.5% with 3,705 rooms); Uruguay (+11.1% with 529 rooms); and Nicaragua (+8.4% with 330 rooms).

Europe

The Europe hotel development pipeline comprises 902 hotels totalling 145,093 rooms.

Among the countries in the region, the United Kingdom ended the month with the largest number of rooms under construction with 8,743 rooms.

Five other countries reported more than 2,000 rooms in the In Construction phase: Russia (7,453 rooms); Germany (5,169 rooms); Turkey (4,869 rooms); Italy (2,617 rooms); and the Netherlands (2,407 rooms).

Middle East/Africa

The Middle East/Africa hotel development pipeline comprises 506 hotels totalling 129,077 rooms.

Among the key markets in the region, Dubai, United Arab Emirates, reported the largest number of rooms in the In Construction phase with 11,307 rooms.

Four other markets ended the month with more than 1,000 rooms under construction: Abu Dhabi, United Arab Emirates (5,658 rooms); Riyadh, Saudi Arabia (4,474 rooms); Cairo, Egypt (2,209 rooms); and Amman, Jordan (1,719 rooms).

See other recent news regarding: Travel News Asia, Interviews, Pictures, Sports Tourism, Videos, STR, Pipeline, June 2012