STR Reports Global Hotel Pipelines for July 2012

According to the July 2012 STR Global Construction Pipeline Report, the Asia Pacific hotel development pipeline comprised 1,641 hotels totalling 375,917 rooms.

Among the region's countries, China reported the largest number of rooms under construction with 136,424 rooms. Other countries to report a significant number of rooms under construction include: India (27,908 rooms); Indonesia (11,081 rooms); Thailand (8,361 rooms); and Vietnam (7,102 rooms).

Europe

The Europe hotel development pipeline comprised 898 hotels totalling 145,692 rooms.

Among the markets in the region, London, United Kingdom, ended the month with the largest number of rooms under construction with 3,939 rooms. Five other markets reported more than 900 rooms in the In Construction phase: Moscow, Russia (2,167 rooms); Berlin, Germany (1,912 rooms); Amsterdam, Netherlands (1,469 rooms); Vienna, Austria (947 rooms); and Cologne, Germany (931 rooms).

Middle East/Africa

The Middle East/Africa hotel development pipeline comprised 495 hotels totalling 125,481 rooms.

Among the countries in the region, Oman reported the largest expected room growth (+81.2%) if all 5,417 rooms in the country's total active pipeline open. Other countries to report a significant expected room growth: Saudi Arabia (+53.9% with 27,624 rooms expected to open); Qatar (+47.1% with 6,785 rooms); Algeria (+43.6% with 1,875 rooms); and United Arab Emirates (+38.6 percent with 35,052 rooms).

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