Among the Chain Scale segments, four segments each accounted for more than 15.0 percent of rooms Under Contract: Upscale Midscale (21.5 percent with 14,963 rooms); Upscale (21.2 percent with 14,770 rooms); Midscale (19.2 percent with 13,365 rooms); and Upper Upscale (17.7 percent with 12,277 rooms).
The region reported 29,806 rooms in 182 hotels under construction for the month.
Among the Chain Scale segments, four segments each accounted for more than 15.0 percent of rooms Under Contract: Upscale Midscale (21.5 percent with 14,963 rooms); Upscale (21.2 percent with 14,770 rooms); Midscale (19.2 percent with 13,365 rooms); and Upper Upscale (17.7 percent with 12,277 rooms).
Four segments also accounted for more than 15.0 percent of rooms In Construction: Upscale segment (29.0 percent with 8,636 rooms); Midscale (18.9 percent with 5,620 rooms); Upper Midscale (18.1 percent with 5,401 rooms); and Upper Upscale (15.1 percent with 4,492 rooms).
The Unaffiliated segment accounted for the smallest portion of rooms Under Contract (4.6 percent with 3,205 rooms) and In Construction (2.5 percent with 733 rooms).
About STR Global:
STR Global provides clients - including hotel operators, developers, financiers, analysts and suppliers to the hotel industry - access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com.