STR Global: Asia/Pacific pipeline for August 2010
The Asia/Pacific hotel development pipeline comprises 1,037 hotels totalling 255,208 rooms, according to the August 2010 STR Global Construction Pipeline Report released this week.
Among the key markets in the region, Shanghai, China, ended the month with the most rooms in the total active pipeline with 13,227 rooms. Two other markets reported more than 5,000 rooms in the total active pipeline: Bangkok, Thailand (9,138 rooms) and New Delhi, India (7,215 rooms).
Four of the seven Chain Scale segments each accounted for more than 15 percent of rooms in the total active pipeline: the Upscale segment (24.6 percent and 62,671 rooms); the Upper Upscale segment (24.4 percent and 62,153 rooms); the Unaffiliated segment (18.6 percent and 47,574 rooms); and the Luxury segment (17.7 percent and 45,246 rooms).
Rachael Spann Urie
Phone: +1 (615) 824-8664 ext. 3305
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STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to thehotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com.