Year-to-date March 2013, 11 hotels opened in the region with 1,683 rooms. In the remainder of 2013, 133 more hotels are expected to open with 34,931 rooms.
LONDON – The Middle East/Africa hotel development pipeline comprises 483 hotels totalling 118,713 rooms, according to the March 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.
Year-to-date March 2013, 11 hotels opened in the region with 1,683 rooms. In the remainder of 2013, 133 more hotels are expected to open with 34,931 rooms. The Unaffiliated segment is expected to open the most rooms with 11,557 rooms in 39 hotels. Three other segments are expected to open more than 5,000 more rooms in 2013: the Upper Upscale segment (6,950 rooms); the Luxury segment (6,855 rooms); and the Upscale segment (6,639 rooms).
In 2014, 141 hotels are expected to open with 30,924 rooms. The most rooms are expected to open in the Upper Upscale segment (11,269 rooms in 38 hotels), followed by the Luxury segment (6,186 rooms in 28 hotels) and the Upscale segment (5,909 rooms in 30 hotels).
Europe hotel pipeline for March
The Europe hotel development pipeline comprises 818 hotels totalling 135,115 rooms, according to the March 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.
Among the key markets in the region, Manchester, United Kingdom, reported the largest expected room growth (+22.7 percent) if all 3,061 rooms in the market’s total active pipeline open. Four other markets reported significant expected room growth: Birmingham, U.K. (+17.5 percent with 1,702 rooms); Istanbul, Turkey (+14.9 percent with 5,447 rooms); London, U.K. (+14.1 percent with 16,392 rooms); and Moscow, Russia (+12.7 percent with 4,697 rooms).
The total active U.S. hotel development pipeline comprises 2,717 projects totaling 320,750 rooms, according to the March 2013 STR Pipeline Report. This represents a 9.2-percent increase in the number of rooms in the total active pipeline compared with March 2012 and a 19.3-percent increase in rooms under construction. 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.
“U.S. rooms under construction are concentrated in a limited number of markets,” said Bobby Bowers, senior VP of operations at STR. “The top 10 markets under construction account for 38 percent of current construction activity, and nearly one-half of all rooms now in construction are located in 22 markets. We expect supply growth pace will continue its measured acceleration and are forecasting a full-year 2013 net U.S. supply gain of about 1 percent.”
Among the Top 25 Markets, New York, New York, reported the largest number of rooms under construction with 10,247 rooms, which represents a 34.4-percent increase in rooms under construction compared with March 2012. Three other markets reported more than 2,000 in the In Construction phase: Washington, D.C. (3,069 rooms); Orlando, Florida (2,956 rooms); and Chicago, Illinois (2,694 rooms).
Los Angeles-Long Beach, California, reported the largest year-over-year increase in rooms under construction, rising 533.4 percent with 1,932, followed by Detroit, Michigan (+524.3 percent with 718 rooms), and Anaheim-Santa Ana, California (+417.7 percent with 730 rooms).
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
