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ANALYSIS

May 2013 STR Global Construction Pipeline Report

Monday, June 24, 2013, 11:30 Hrs  [IST]

STR Global in its May 2013 STR Global Construction Pipeline Report said that the Asia Pacific (APAC) hotel development pipeline comprises 1,828 hotels totalling 394,856 rooms. The total active pipeline data includes projects in the in-construction, final planning and planning stages but does not include projects in the pre-planning stage.

Year-to-date, 188 hotels have opened in the region with 32,667 rooms. In the remainder of 2013, 451 hotels are planned to open with 91,318 rooms. The upscale segment is projected to open the most new rooms with 19,316 rooms in 89 hotels, followed by the upper upscale segment (with 17,715 rooms in 60 hotels) and the luxury segment (16,190 rooms in 53 hotels).

In 2014, 534 hotels are expected to open in the region with 116,416 rooms. Three segments are expected to each open more than 20,000 new rooms: the upscale segment (137 hotels with 32,478 rooms); the upper upscale segment (89 hotels with 25,590 rooms); and the luxury segment (84 hotels with 24,195 rooms).

 
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