Global Hotel Pipeline Rises During May

21st June 2011 (Last Updated June 21st, 2011 18:30)

The global pipeline for new hotel rooms increased in May 2011, with all regions reporting rises in their development pipelines, according to a new report by STR Global. The Asia Pacific development pipeline comprises 1,227 hotels totalling 302,858 rooms. It has 324 projects with 73,43

The global pipeline for new hotel rooms increased in May 2011, with all regions reporting rises in their development pipelines, according to a new report by STR Global.

The Asia Pacific development pipeline comprises 1,227 hotels totalling 302,858 rooms. It has 324 projects with 73,430 rooms due to open during the second half of 2011, while in 2012 there are 424 projects with 112,060 rooms planned.

Among the chain scale segments, the upper upscale segment will see the opening of the largest number of rooms in 2011 with 64 projects comprising 21,715 rooms, followed by the upscale segment with 75 projects comprising 16,353 rooms, and the luxury segment with 51 projects comprising 13,033 rooms.

The Central and South American hotel development pipeline comprises 175 hotels totalling 28,243 rooms. Panama reported the region’s largest expected growth in room supply with 70.4% followed by Paraguay with 16.2%, Colombia with 13.5%, Costa Rica with 7.4% and Brazil with 7%.

The European hotel development pipeline comprises 802 hotels totalling 131,536 rooms. Its upscale segment took the largest chunk of the pipeline with 21.7% (28,504 rooms).

The Middle East and Africa hotel development pipeline comprises 474 hotels totalling 128,344 rooms. Qatar reported the region’s largest expected room growth with 84.4%, followed by Oman with 67.7%, the United Arab Emirates with 59.5%, Bahrain with 55.3% and Algeria with 51.6%.