STR Global reports the Asia/Pacific hotel pipeline for November 2009
The Asia/Pacific hotel development pipeline includes 975 hotels comprising 232,680 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.
The Asia/Pacific hotel development pipeline includes 975 hotels comprising 232,680 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.
Among the key markets, Shanghai, China, reported the most rooms in the total active pipeline, with 13,057 rooms. Three other markets ended the month with more than 5,000 rooms in the total active pipeline: Bangkok, Thailand (8,849 rooms); New Delhi, India (6,355 rooms); and Beijing, China (6,326 rooms). Tokyo, Japan, reported the smallest amount of rooms in the total active pipeline with 250 rooms.
Among the Chain Scale segments, three segments accounted for more than 65 percent of rooms in the total active pipeline. The Upper Upscale segment made up 23.9 percent with 55,498 rooms, followed by the Upscale segment (23.8 percent and 55,270 rooms) and the Unaffiliated segment (20.4 percent and 47,472 rooms). The Midscale without Food and Beverage segment made up the smallest portion of the total active pipeline with 2.3 percent and 5,459 rooms.
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