STR Global: Asia/Pac pipeline for Sept. 2010
“The Asia/Pacific pipeline is dominated by development activity across China and India, which makes up more than two-thirds of the total pipeline”, said Elizabeth Randall, managing director of STR Global. “As two of the BRIC countries, China and India present a huge potential for hotel companies to cater to growing middle classes in these countries and to create awareness and recognition of the hotel brands as they travel internationally. Similar to Russia, we see hotel developments moving into more regional destinations and for more midscale and economy brands to enter these markets”.
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