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Global hotel development pipelines for April.
Thursday, 24th May 2012
Source : STR Global
The Asia/Pacific hotel development pipeline comprises 1,591 hotels totaling 365,507 rooms, according to the April 2012 STR Global Construction Pipeline Report.

Among the region's markets, New Delhi, India, reported the largest expected room growth (+43.3 percent) if all 11,049 rooms in its total active pipeline open.

Other markets to report expected room growth of more than 20 percent:
  • Mumbai, India (+25.3 percent with 4,907 rooms);
  • Bali, Indonesia (+24.6 percent with 8,403 rooms);
  • Manila, Philippines (+23.6 percent with 4,883 rooms); and
  • Jakarta, Indonesia (+22.6 percent with 6,779 rooms)
The Europe hotel development pipeline comprises 908 hotels totaling 145,437 rooms, according to the April 2012 STR Global Construction Pipeline Report.

Year-to-date 2012, 82 properties have opened totalling 10,071 rooms. There are 197 more properties planned to open in 2012 with 30,851 rooms. The Upscale segment is expected to add the most rooms in the remainder of 2012 with 44 properties comprising 7,213 rooms, followed by the Unaffiliated segment (43 properties with 5,406 rooms) and the Upper Midscale segment (34 properties with 5,074 rooms).

In 2013, 297 properties are planned to open in the region with 49,468 rooms. The Upscale segment (67 properties with 11,728 rooms) and the Upper Midscale segment (72 properties with 11,320 rooms) are expected to add the largest number of rooms, followed by the Upper Upscale segment with 34 properties and 7,248 rooms.

The Central/South America hotel development pipeline comprises 224 hotels totalling 31,931 rooms, according to the April 2012 STR Global Construction Pipeline Report.

Among the region's countries, Panama is expected to report the largest increase in room supply (44.3 percent) if all 5,633 rooms in the total active pipeline open.

Other countries to report a significant increase in room supply if all rooms open:

  • Paraguay (+38.7 percent with 796 rooms in the total active pipeline);
  • Colombia (+16.7 percent with 3,148 rooms);
  • Uruguay (+11.1 percent with 529 rooms);
  • Costa Rica (+8.4 percent with 1,506 rooms); and
  • Nicaragua (+8.4 percent with 330 rooms)
The Caribbean/Mexico hotel development pipeline comprises 132 hotels totaling 18,672 rooms, according to the April 2012 STR Construction Pipeline Report.

Year-to-date 2012, two properties comprising 408 rooms have opened in the region. In the remainder of 2012, 39 properties are expected to open with 4,850 rooms. In 2013, 44 properties are planned to open with 5,752 rooms and in 2014, 30 properties are expected to open with 5,991 rooms.

In the remainder of 2012, the Unaffiliated segment is expected to open the most rooms with eight properties and 1,341 rooms, followed by the Upscale segment with 11 properties and 1,073 rooms scheduled to open.

In 2013, the Upper Midscale segment is expected to open the largest number of rooms with 21 properties and 2,092 rooms, followed by the Unaffiliated segment with seven properties and 1,494 rooms.

The Middle East/Africa hotel development pipeline comprises 494 hotels totaling 126,606 rooms, according to the April 2012 STR Global Construction Pipeline Report.

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Among the Chain Scale segments, the Upper Upscale segment accounted for the largest portion of the total active pipeline with 31.5 percent and 39,844 rooms.

Three other segments each accounted for more than 15 percent of rooms in the total active pipeline: the Luxury segment (20.6 percent with 26,102 rooms); the Upscale segment (+20.1 percent with 25,486 rooms); and the Unaffiliated segment (16.1 percent with 20,384 rooms).

www.str.com
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