TravelNewsAsia.com

STR Reports Global Hotel Construction Pipelines for November 2011

Travel News Asia Latest Travel News Podcasts Videos Wednesday, 21 December 2011

According to the November 2011 STR Global Construction Pipeline Report, the Asia Pacific hotel development pipeline comprises 1,443 hotels totalling 348,653 rooms.

Year-to-date 2011, 361 properties have opened in the region with 64,269 rooms. In the remainder of 2011, 38 projects are expected to open with 8,993 rooms. In 2012, 559 projects are expected to open in the region with 139,432 rooms and in 2013, there are 395 projects planned to open with 97,312 rooms.

In the remaining two months of 2011, the Luxury segment is expected to open the most rooms with nine properties totalling 3,022 rooms, followed by the Upscale segment (eight properties with 2,287 rooms); the Upper Upscale segment (eight properties with 1,921 rooms); and the Upper Midscale segment (six properties with 1,226 rooms).

 Caribbean/Mexico

The Caribbean/Mexico hotel development pipeline comprises 131 hotels totalling 17,923 rooms.

Among the region's countries, Haiti reported the largest expected growth (45.0%) if all 753 rooms in the total active pipeline open. Other countries to report a significant growth in existing supply: Anguilla (+28.8% with 220 rooms); Dominica (+13.5% with 90 rooms); St. Kitts/Nevis (+11.7% with 235 rooms); and Turks and Caicos (+10.2% with 327 rooms).

 Central/South America

The Central/South America hotel development pipeline comprises 196 hotels totalling 28,958 rooms.

Among the countries in the region, Panama reported the largest expected growth (64.4%) if all 7,593 rooms in the country's total active pipeline open. Other countries to report significant growth include: Paraguay (+16.2% with 300 rooms); Colombia (+11.1% with 2,056 rooms); Costa Rica (+7.4% with 1,306 rooms); Brazil (+7.3% with 12,775 rooms); and El Salvador (+7.3% with 200 rooms).

 Europe

The Europe hotel development pipeline comprises 869 hotels totalling 139,006 rooms.

Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the region's total active pipeline with 21.8% and 30,369 rooms. Three other segments each made up more than 10% of rooms in the total active pipeline: the Upper Midscale segment (19.2% with 26,726 rooms); the Unaffiliated segment (19.2% with 26,755 rooms); and the Upper Upscale segment (15.0% with 20,802 rooms).

 Middle East/Africa

The Middle East/Africa hotel development pipeline comprises 494 hotels totalling 133,705 rooms.

Among the key countries in the region, the United Arab Emirates reported the largest number of rooms in the In Construction phase with 21,238 rooms. Four other countries reported more than 3,000 rooms under construction: Saudi Arabia (11,270 rooms); Qatar (5,544 rooms); Egypt (4,807 rooms); and Jordan (3,758 rooms).

See recent travel news from: Travel News Asia, Tickets, STR, Pipeline

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2024 TravelNewsAsia.com