The WPJ
Vacation Real Estate News
Over 1,400 New Hotels Under Development in Asia Pacific Region in December
According to the December 2011 STR Global Construction Pipeline Report, the Asia-Pacific hotel development pipeline comprises 1,460 hotels totaling 355,957 rooms.Among the Chain Scale segments, the Upper Upscale segment accounted for the largest portion of in the total active pipeline (25.6 percent with 91,192 rooms). Three other segments each accounted for more than 15 percent of rooms in the total active pipeline: the Upscale segment (23.0 percent with 81,748 rooms); the Luxury segment (19.1 percent with 67,847 rooms); and the Unaffiliated segment (15.2 percent with 54,027 rooms).
Asia/Pacific pipeline by Chain Scale segment for December 2011 (number of rooms):
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