STR Global Releases Global Pipelines for August 2012
Sep 27, 12 | 12:02 am
STR Global reports Asia/Pacific pipeline for August 2012
The Asia/Pacific hotel development pipeline comprises 1,638 hotels totalling 375,078 rooms, according to the August 2012 STR Global Construction Pipeline Report.
Among the region's markets, Shanghai, China, ended the month with the largest number of rooms in the total active pipeline with 12,721 rooms. Five other markets reported more than 5,000 rooms in the total active pipeline: New Delhi, India (11,856 rooms); Bali, Indonesia (8,671 rooms); Jakarta, Indonesia (7,121 rooms); Manila, Philippines (6,438 rooms); and Beijing, China (6,134 rooms).
STR reports Caribbean/Mexico hotel pipeline for August
The Caribbean/Mexico hotel development pipeline comprises 129 hotels totaling 19,283 rooms, according to the August 2012 STR Construction Pipeline Report.
Year-to-date 2012, nine hotels with 1,285 rooms have opened in the region. For the remainder of the year, 28 additional hotels are expected to open with 2,845 rooms. The Upscale segment is expecting to open the most rooms with 1,074 rooms in 11 hotels, followed by the Luxury segment with 578 rooms in four hotels.
In 2013, 37 hotels with 5,048 rooms are planned to open in the region. The Upper Midscale segment is expected to open the most rooms with 1,918 rooms in 18 hotels, followed by the Unaffiliated segment (1,666 rooms in seven properties) and the Upscale segment (653 rooms in five properties).
STR Global reports Central/South America hotel pipeline for August 2012
The Central/South America hotel development pipeline comprises 233 hotels totalling 32,622 rooms, according to the August 2012 STR Global Construction Pipeline Report.
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline (25.3 percent) with 8,242 rooms, followed by the Midscale segment (23.3 percent with 7,614 rooms) and the Upper Midscale segment (14.7 percent with 4,790 rooms). The Unaffiliated segment made up the smallest portion of rooms in the total active pipeline (6.0 percent with 1,945 rooms).
Three segments each accounted for more than 20 percent of rooms under construction: the Upscale segment (26.0 percent with 3,360 rooms); the Upper Upscale segment (23.0 percent with 2,979 rooms); and the Upper Midscale segment (21.5 percent with 2,781 rooms).
STR Global reports Europe hotel pipeline for August 2012
The Europe hotel development pipeline comprises 886 hotels totalling 143,853 rooms, according to the August 2012 STR Global Construction Pipeline Report.
Among the countries in the region, Azerbaijan reported the largest expected room growth (+29.0 percent) if all 974 rooms in the total active pipeline open. Other countries to report a significant expected room growth: Kazakhstan (+27.9 percent with 1,414 rooms); Russia (+24.6 percent with 20,331 rooms); United Kingdom (+8.7 percent with 43,877 rooms); and Romania (+6.9 percent with 1,849 rooms).
STR Global reports Middle East/Africa hotel pipeline for August 2012
The Middle East/Africa hotel development pipeline comprises 487 hotels totalling 122,954 rooms, according to the August 2012 STR Global Construction Pipeline Report.
Among the markets in the region, Riyadh, Saudi Arabia, reported the largest expected room growth (+84.5 percent) if all 6,413 rooms in the country's total active pipeline open. Other markets to report 20 percent or more expected room growth: Jeddah, Saudi Arabia (+70.7 percent with 4,225 rooms expected to open); Muscat, Oman (+60.9 percent with 2,634 rooms); Abu Dhabi, United Arab Emirates (+50.7 percent with 9,114 rooms); Dubai, United Arab Emirates (+28.6 percent with 17,409 rooms); and Amman, Jordan (+20.3 percent with 2,008 rooms).
For complete media releases with tables, open the attached Word document.
About STR Global
STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel 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, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and HotelNewsNow.com. For more information, please visit www.strglobal.com.
About STR
STR (www.str.com) provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering the United States, Canada, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and HotelNewsNow.com. STR also founded the Hotel Data Conference (www.Hoteldataconference.com).
Media contacts:
Jeff Higley
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jeff@str.com
+1 (615) 824-8664 ext. 3318
Rachael Spann Urie
Director, Public Relations
rurie@str.com
+1 (615) 824-8664 ext. 3305
Konstanze Auernheimer
Director of Marketing & Analysis STR Global
KAuernheimer@strglobal.com
+44 (0)207 922 1961
