Mega-cities in India and the Philippines will see the largest growth in hotel room supply, compared to their existing inventories, according to the latest data from STR Global. The April 2011 STR Global Construction Pipeline Report showed that 1,167 hotels are planned for the region, comprising 291,946 rooms. According to the report, much of this will be making up for a current shortfall in supply in Mumbai, New Delhi and Manila.
“Two mega cities in India [and] the capitals of the Philippines and Thailand… 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 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 (+28.2 percent with 5,019 rooms in the total active pipeline), Mumbai (+20.6 percent with 3,801 rooms). Following these are Bali (+13.7 percent with 4,319 rooms) and Bangkok (+12.9 percent with 7,413 rooms).