According to STRís June 2016 Pipeline Report
there are 576,712 hotel rooms in 2,508 projects Under Contract in
the Asia Pacific region.
The total represents a 4.0% increase in
rooms Under Contract compared with June 2015 but a 4.1%
year-on-year decrease in rooms In Construction.
The region reported 249,660 rooms in 1,016
projects In Construction for the month.
Among Chain Scale segments, the Upscale segment
accounted for the largest portion of rooms Under Contract (26.6%
with 153,411 rooms) and In Construction (26.8% with 66,950 rooms).
The Upper Upscale segment was the only other
segment to account for 20.0% or more rooms Under Contract (24.7%
with 142,468 rooms) or In Construction (23.2% with 57,800 rooms).
Under Contract data includes projects in the In
Construction, Final Planning and Planning stages but does not
include projects in the Unconfirmed stage.
See other recent