Among the key markets in Europe, London, United Kingdom, ended the month with the largest number of rooms under construction with 4,506 rooms
STR Global issued it’s 2011 Global Construction Pipeline Report update for July:
Central and South America
The Central/South America hotel development pipeline comprises 170 hotels totalling 27,457 rooms, according to the July 2011 STR Global Construction Pipeline Report.
As of 30 June 2011, 12 projects have opened in the region with 1,711 rooms. There are 34 more projects expected to open in the remainder of 2011 with 6,338 rooms. In 2012, there are 42 projects scheduled to open with 6,741 rooms.
Among the Chain Scale segments, the Upscale segment is expected to open the largest number of rooms for the remainder of 2011 with 2,226 rooms among 13 projects. The segment is also expecting to open the largest number of rooms in 2012 with 2,118 rooms among 12 projects. The Upper Upscale segment (1,744 rooms among two projects) and the Midscale segment (1,444 rooms among 10 projects) also are expected to open a significant number of rooms in 2011.
Caribbean and Mexico
The Caribbean/Mexico hotel development pipeline comprises 125 hotels totaling 18,709 rooms, according to the July 2011 STR Construction Pipeline Report.
Among the countries in the region, Haiti reported the largest expected growth (29.4 percent) if all 492 rooms in the total active pipeline open. Five other countries reported expected growth of more than 5 percent: Anguilla (+28.8 percent with 220 rooms); St. Kitts/Nevis (+11.7 percent with 235 rooms); Turks & Caicos (+10.6 percent with 327 rooms); the Bahamas (+9.8 percent with 1,604 rooms); and St. Lucia (+5.6 percent with 245 rooms).
Middle East and Africa
The Middle East/Africa hotel development pipeline comprises 460 hotels totalling 125,268 rooms, according to the July 2011 STR Global Construction Pipeline Report.
Among the countries in the region, Qatar ended the month with the largest expected room growth (+78.3 percent) if all 6,604 rooms in the total active pipeline open. Other countries to report significant expected room growth: Oman (+57.9 percent with 3,734 rooms); United Arab Emirates (+55.7 percent with 48,071 rooms); Bahrain (+49 percent with 3,155 rooms); and Algeria (+47.9 percent with 1,619 rooms).
The Europe hotel development pipeline comprises 800 hotels totalling 130,260 rooms, according to the July 2011 STR Global Construction Pipeline Report.
Among the key markets in the region, London, United Kingdom, ended the month with the largest number of rooms under construction with 4,506 rooms (of the 9,918 rooms in the market’s total active pipeline). Other markets to report a significant number of rooms under construction: Istanbul, Turkey (2,438 rooms); Stockholm, Sweden (1,706 rooms); Berlin, Germany (1,436 rooms); and Manchester, U.K. (1,431 rooms).
The Asia/Pacific hotel development pipeline comprises 1,244 hotels totalling 306,537 rooms, according to the July 2011 STR Global Construction Pipeline Report.
Among the region’s countries, China ended the month with the largest number of rooms in the In Construction phase with 120,298 rooms. Four other countries reported more than 5,000 rooms under construction: India (29,127 rooms); Thailand (9,182 rooms); Vietnam (8,554 rooms); and Indonesia (6,456 rooms).
Logos, product and company names mentioned are the property of their respective owners.