The WPJ
Vacation Real Estate News
Asia-Pacific Hotel Market Added 82,476 New Rooms in 2012
According to STR Global, the Asia/Pacific hotel industry opened 458 new hotels with 82,476 rooms in 2012.Among the Chain Scale segments, the Upscale segment opened the most new rooms with 17,050 rooms in 79 hotels, followed by the Upper Upscale segment (45 hotels with 15,463 rooms) and the Economy segment (156 hotels with 14,194 rooms). The Midscale segment (33 hotels with 7,253 rooms) and the Upper Midscale segment (34 hotels with 7,031 rooms) added the fewest number of new rooms.
The Asia/Pacific hotel development pipeline comprises 1,767 hotels totaling 385,113 rooms, according to the December 2012 STR Global Construction Pipeline Report.
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