The Asia/Pacific hotel development pipeline comprises 1,167 hotels totalling 291,946 rooms, according to the April 2011 STR Global Construction Pipeline Report.
“Two mega cities in India, the capitals of the Philippines and Thailand, and Bali, the holiday island, are currently scheduled to see the largest expected hotel room growth compared to their existing supply of key Asian markets”, said Elizabeth Randall, managing director of STR Global. “Manila, Mumbai and New Delhi have less existing room supply (about and below 20,000 rooms) than other Asian markets, which provides opportunities for growth and diversification of the hotel offering”.
Among the key markets in the region, New Delhi, India, ended the month with the largest expected room growth (+48.5 percent) if all 9,931 rooms in the total active pipeline open. Other markets to report significant expected growth include: Manila, Philippines (+28.2 percent with 5,019 rooms in the total active pipeline); Mumbai, India (+20.6 percent with 3,801 rooms); Bali, Indonesia (+13.7 percent with 4,319 rooms); and Bangkok, Thailand (+12.9 percent with 7,413 rooms).