Asia Pacific Hotel development pipeline for november 2013 rises to 1,939 hotels
The Asia Pacific hotel development pipeline comprises 1,939 hotels totaling 421,621 rooms, according to the November 2013 STR Global Construction Pipeline Report. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.
There are 109 hotels with 22,764 rooms under construction that are scheduled to open during the remainder of 2013 in the region. The Upscale segment is projected to open the most new rooms by 2014 (6,096 rooms in 24 hotels), followed by the Upper Upscale segment (5,167 rooms in 18 hotels) and the Upper Midscale segment (3,143 rooms in 22 hotels).
In 2014, 590 hotels with 120,710 rooms are expected to open in the region. Four segments are expected to each open more than 20,000 new rooms: the Upscale segment (134 hotels with 28,907 rooms); the Upper Upscale segment (91 hotels with 26,048 rooms); the Unaffiliated segment (144 hotels with 22,271 rooms); and the Luxury segment (70 hotels with 20,115 rooms).