STR Reports Global Hotel Pipelines for January 2012

According to the January 2012 STR Global Construction Pipeline Report, the Asia Pacific hotel development pipeline comprises 1,479 hotels totalling 359,753 rooms.

Among the region's countries, China ended the month with the most rooms under construction with 141,177. Five other countries reported more than 5,000 rooms under construction: India (28,769 rooms); Thailand (8,807 rooms); Vietnam (7,957 rooms); Malaysia (7,479 rooms); and Indonesia (6,762 rooms).

Caribbean/Mexico

The Caribbean/Mexico hotel development pipeline comprises 128 hotels totalling 17,771 rooms.

Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline (23.6%) with 4,186 rooms.

Two other segments each made up more than 20% of rooms in the total active pipeline: the Upper Midscale segment (22.8% with 4,055 rooms) and the Luxury segment (20.3% with 3,604 rooms).

The Unaffiliated segment (33.2% with 3,046 rooms) and the Luxury segment (22.7% with 2,078) each accounted for the largest number of rooms under construction in the region.

Central/South America

The Central/South America hotel development pipeline comprises 202 hotels totalling 30,002 rooms.

In January, the region opened one project with 95 rooms. For the remainder of 2012, the region is expected to open 67 properties with 10,948 rooms. During 2013, the region is projected to open 82 properties with 12,415 rooms.

Three segments are expecting to open more than 2,000 rooms in the remainder of 2012: the Midscale segment (2,897 rooms); the Upscale segment (2,764 rooms); and the Upper Upscale segment (2,491 rooms).

Europe

The Europe hotel development pipeline comprises 866 hotels totalling 139,700 rooms.

Among the key markets in the region, London, U.K., ended January with the most rooms under construction with 4,638 rooms. Five other markets reported more than 1,000 rooms under construction: Moscow, Russia (2,228 rooms); Berlin, Germany (1,671 rooms); Amsterdam, Netherlands (1,246 rooms); Vienna, Austria (1,184 rooms); and Stockholm, Sweden (1,064 rooms).

Middle East/Africa

The Middle East/Africa hotel development pipeline comprises 495 hotels totalling 131,981 rooms, according to the January 2012 STR Global Construction Pipeline Report.

Among the countries in the region, Qatar reported the largest expected growth (+69.9%) if all 7,340 rooms in the country's total active pipeline open. Five other countries are expected to grow more than 40% if all rooms in the active pipeline open: Oman (+68.8% with 4,504 rooms); Saudi Arabia (+54.0% with 25,398 rooms); United Arab Emirates (+48.0% with 44,056 rooms); Algeria (+41.2% with 1,691 rooms); and Kuwait (+40.6% with 2,504 rooms).

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