The Total Pipeline for the Asia Pacific region grew in Q1 to 2,036 projects/505,562 rooms. As measured by rooms, the Q1 2011 Pipeline is virtually even with the peak reached in Q2 2008 and is heavily driven by development activity in China.

For the sixth consecutive quarter, year-over-year (YoY) selling prices have accelerated, according to Lodging Econometrics' Spring Transaction Trends Executive Summary. There were 110 transactions across all chain scales that reported a selling price in Q1 2011. The overall average selling price was at a record high of $125,946 per room. This is a 30 percent YoY increase from Q1 2010’s $97,084 per room and a 14 percent increase over the 2010 year-end total of $110,827.

Further declines have brought Construction Pipeline counts to a new cyclical low of 2,951 projects/354,100 rooms in Q1 2011. With 426 projects/54,530 rooms, just 14% of total Pipeline projects and 15% of rooms, Under Construction totals have fallen to lows not seen since the 1990’s. Conversely, Early Planning counts have been growing since Q4 2009. Hotels that are larger and have longer timelines are being