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According to the December 2011 STR Global
Construction Pipeline Report, the Asia Pacific hotel development
pipeline comprises 1,460 hotels totalling 355,957 rooms.
Among the Chain Scale segments, the Upper
Upscale segment accounted for the largest portion of in the total
active pipeline (25.6% with 91,192 rooms). Three other segments
each accounted for more than 15% of rooms in the total active
pipeline: the Upscale segment (23.0% with 81,748 rooms); the
Luxury segment (19.1% with 67,847 rooms); and the Unaffiliated
segment (15.2% with 54,027 rooms).
Caribbean/Mexico
The Caribbean/Mexico hotel
development pipeline comprises 127 hotels totalling 17,869 rooms.
During 2011, 32 new properties comprising 4,886 rooms opened
in the region. Among the Chain Scale segments, the Upscale segment
reported the most new rooms with six properties and 1,472 rooms,
followed by the Upper Midscale segment (nine properties with 1,302
rooms) and the Independent segment (8 properties with 1,107
rooms).
During 2012, the region is expected to open 59
properties with 7,424 rooms. The Upper Midscale has the most rooms
planned to open in 2012 with 18 properties and 1,996 rooms,
followed by the Upscale segment with 14 properties and 1,745
rooms.
Central/South
America
The Central/South America hotel development pipeline
comprises 197 hotels totalling 28,897 rooms.
Among the markets in the region, Panama City, Panama, reported the
largest expected growth (59.6%) if all 5,952 rooms in the country's total active pipeline open. Other markets to report
significant growth include: San Jose, Costa Rica (+13.0% with 770
rooms); Rio de Janeiro, Brazil (+11.6% with 2,726 rooms); Lima,
Peru (+7.1% with 381 rooms); and Santiago, Chile (+4.9% with 398
rooms).
Europe
The Europe
hotel development pipeline comprises 891 hotels totalling 143,484
rooms.
Among the countries in the region, the
U.K. ended December with the most rooms under construction,
reporting 11,687 rooms. Four other countries reported a
significant number of rooms under construction: Russia (8,066
rooms); Turkey (5,227 rooms); Germany (4,969 rooms); and Italy
(3,129 rooms).
Middle East/Africa
The Middle East/Africa hotel development pipeline comprises
496 hotels totalling 133,438 rooms.
Among the key
markets in the region, Dubai, United Arab Emirates, reported the
largest number of rooms in the In Construction phase with 13,349
rooms. Four other markets reported more than 1,500 rooms under
construction: Abu Dhabi, United Arab Emirates (5,298 rooms);
Riyadh, Saudi Arabia (2,687 rooms); Cairo, Egypt (1,977 rooms);
and Amman, Jordan (1,507 rooms).
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December 2011
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