ASIA Travel

STR Reports July 2014 Hotel Pipeline for Asia Pacific and Central/South America

Home Search Send to Friend Latest Travel News Asia Friday, 29 August 2014

According to the July 2014 STR Global Construction Pipeline Report, the Asia Pacific region reported 2,340 hotels Under Contract comprising 524,067 rooms.

The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

Among the countries in the region, China reported the most rooms under construction with 148,578 rooms. Six other countries reported more than 5,000 rooms under construction: India (30,117 rooms); Indonesia (26,414 rooms); Malaysia (10,511 rooms); Philippines (8,056 rooms); Thailand (6,411 rooms); and Japan (5,702 rooms).

Central/South America

The Central/South America hotel development pipeline comprises 384 hotels totalling 62,958 rooms.

Among the Chain Scale segments, three each accounted for more than 20% of rooms Under Contract: the Upscale segment (23.3% with 14,696 rooms); the Midscale segment (22.3% with 14,022 rooms); and the Upper Midscale segment (22.2% with 13,970 rooms).

The Upscale segment made up the largest percent of rooms under construction (29.8%) with 7,289 rooms. Two other segments each accounted for more than 15% of rooms under construction: the Midscale segment (19.8% with 4,841 rooms) and the Upper Midscale segment (19.7%with 4,820 rooms).

See other recent news regarding: Interviews, Pictures, Videos, STR, Pipeline, RevPAR, ADR, July 2014

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also receive the daily news service by WhatsApp, stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
Copyright © 1997-2020