STR Reports Global Hotel Pipelines for February 2012

According to the February 2012 STR Global Construction Pipeline Report, the Asia Pacific hotel development pipeline comprises 1,536 hotels totalling 364,595 rooms.

Among the region's markets, Shanghai, China, ended the month with the most rooms under construction with 10,582. Four other markets reported more than 3,000 rooms under construction: Beijing, China (4,962 rooms); New Delhi, India (4,930 rooms); Bali, Indonesia (4,463 rooms); and Kuala Lumpur, Malaysia (3,402 rooms).

Caribbean/Mexico

The Caribbean/Mexico hotel development pipeline comprises 128 hotels totaling 17,616 rooms.

Mexico ended the month with the most rooms under construction, reporting 4,771 rooms. Other countries to report a significant number of rooms under construction: Dominican Republic (1,437 rooms); Bahamas (1,243 rooms); Aruba (320 rooms); Puerto Rico (265 rooms); and Haiti (237 rooms).

Central/South America

The Central/South America hotel development pipeline comprises 213 hotels totalling 30,657 rooms.

Among the Chain Scale segments, the Midscale Segment accounted for the largest portion of rooms in the total active pipeline with 23.9% and 7,336 rooms, followed by the Upscale segment (22.2% with 6,799 rooms) and the Upper Upscale segment (20.1% with 6,166 rooms).

Four segments each accounted for more than 10% of rooms in the In Construction phase: the Upper Upscale (30.5% with 3,801 rooms); the Upper Midscale segment (22.7% with 2,826 rooms); the Upscale segment (19.3% with 2,407 rooms); and the Luxury segment (11.6% with 1,439 rooms).

Europe

The Europe hotel development pipeline comprises 863 hotels totalling 140,084 rooms.

Countries that reported significant expected room growth include: Russia (+22.8% with 18,685 rooms); Poland (+9.0% with 4,612 rooms); and the United Kingdom (+8.1% with 40,328 rooms).

The U.K. reported the most rooms in the total active pipeline across Europe.

Middle East/Africa

The Middle East/Africa hotel development pipeline comprises 498 hotels totalling 134,893 rooms.

Among the markets in the region, Riyadh, Saudi Arabia, reported the largest expected room growth (+79.4%) if all 5,645 rooms in the market's total active pipeline open. Five other markets are expected to grow more than 25% if all rooms in their active pipelines open: Abu Dhabi, United Arab Emirates (+64.0% with 11,133 rooms); Jeddah, Saudi Arabia (+60.7% with 3,587 rooms); Muscat, Oman (+49.4% with 2,104 rooms); Dubai, UAE (+45.3% with 26,643 rooms); and Amman, Jordan (+27.4% with 1,797 rooms).

Other

Azerbaijan expects strong growth (+41.2%) if all 1,285 rooms in the total active pipeline open. Kazakhstan also reported significant expected room growth include, +26.8% with 1,355 rooms in the total active pipeline.

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