Asia/Pacific pipeline for June 2009
The Asia/Pacific hotel development pipeline includes 969 hotels with 227,567 rooms, according to the June 2009 STR Global Construction Pipeline Report released last week.
Among the key markets, Shanghai, China, reported the most rooms in total active pipeline with 13,706. Three other markets reported more than 5,000 rooms in the total active pipeline for the month: Mumbai, India, ended the month with 9,391 rooms; Bangkok, Thailand, ended with 8,622 rooms; and Beijing, China ended with 5,800. Three markets reported less than 500 rooms in the total active pipeline: Osaka, Japan (274 rooms);Tokyo, Japan (160 rooms); and Brisbane, Australia (156 rooms).
“In the Asia/Pacific region, focus primarily has been in higher-end development,” Vinson said. “About 60 percent of the projects in the region are in the Luxury, Upper Upscale and Upscale segments.”
Within the Chain-Scale segments, the Upscale segment made up the largest portion of the total pipeline, with 23.3 percent of the total rooms (53,132 rooms). The Upper-Upscale segment also accounted for a large portion of the total pipeline for the region, with 22.5 percent of the rooms (51,099 rooms). The Economy and the Midscale-without-Food-and-Beverage segments accounted for the smallest part of the total pipeline. The Economy segment made up 5.2 percent of the total pipeline with 11,843 rooms, and the Midscale-without-F&B segment made up 2.7 percent of the total pipeline with 6,119 rooms.
Rachael Spann Urie
Phone: +1 (615) 824-8664 ext. 3305
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