HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > 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).

Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
* Name :    
* Email :    
* Message :  
  India ranks third among top 10 countries in USGBC survey
  Philips Lighting adds one more LightLounge with Hue Premium Zone concept in Bengaluru
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar
Bombay Convention & Exhibition Centre, Mumbai
January 18-20, 2018
Pragati Maidan New Delhi
January 31 to February 2, 2018
© Copyright 2016 Saffron Synergies Pvt Ltd