Shanghai, Bangkok and Mumbai top the June 2009 Asia-Pacific hotel development pipeline report complied by STR Global

The report lists a total of 969 hotels with 227,567 rooms in development pipeline The June 2009 Asia Pacific hotel development pipeline compiled by STR Global includes 969 hotels with 227,567 rooms. Among the key markets, Shanghai, China, reported 13,706 rooms in total active pipeline. Three other markets with more than 5,000 rooms in the total active pipeline for the month are: Mumbai, India, which ended the month with 9,391 rooms; Bangkok, Thailand, with 8,622 rooms and Beijing, China with 5,800 rooms. The three markets that reported less than 500 rooms in the total active pipeline are: Osaka, Japan (274 rooms); Tokyo, Japan (160 rooms); and Brisbane, Australia (156 rooms). “There is lot of development in Asia, but there are a couple of countries that are dominating. One is China, where 108,346 rooms are in the active pipeline, 77,832 of which are under construction. The second is India, which has 45,323 rooms in the total active pipeline,” said Duane Vinson, Vice President of Content Management, STR. According to STR’s data, about 60 per cent of the projects in the region are in the Luxury, Upper Upscale and Upscale segments. Within the Chain-Scale segments, the Upscale segment made up the largest portion of the total pipeline, with 23.3 per cent of total rooms (53,132 rooms). The Upper-Upscale segment also accounted for a large portion of total pipeline for the region, with 22.5 per cent of rooms (51,099 rooms). The Economy and the Midscale-without-Food-and-Beverage segments accounted for the smallest part of the total pipeline. The Economy segment made up 5.2 per cent of the total pipeline with 11,843 rooms, and the Midscale-without- Food-and-Beverage segment made up 2.7 per cent of the total pipeline with 6,119 rooms.

Source: - www.travelbismonitor.com

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